Other Briefings
First Quarter PE Investment Soars in India
Apr. 20 – India saw private equity investments worth US$3.3 billion in the first three months of 2011 – most of which went in the infrastructure, IT and manufacturing sectors. In all, 96 deals were made in the quarter with private equity deals worth about US$750 million confirmed in March, an increase of nearly 120 […]
India’s ICT Exports Double in 2009
Feb. 3 – India’s exports and imports of information and communications technology (ICT) grew by 244 percent in 2009, according to a UN agency. Though India’s export growth surged rapidly, tremendous import growth moved India from 28th to 17th in the global ranking of ICT importers, according to the UN Conference on Trade and Development […]
India and Canada Launch FTA Talks
Nov. 12 – Indian Prime Minister Manmohan Singh and Canadian Prime Minister Stephen Harper announced on Friday that they have begun discussing the possibility of a bilateral free trade agreement. The two leaders officially launched the talks after meeting privately on the sidelines of the G20 Summit in Seoul, commenting in a joint statement that […]
RBI Hikes Interest Rates for Sixth Time this Year
Nov. 3 – India’s central bank raised interest rates on Tuesday for the sixth time this year, but said that rates will probably remain stable for the next three months. The Reserve Bank of India, which has tightened its monetary policy the most in Asia this year, increased the repurchase rate, or lending rate, by […]
Wen and Singh Discuss ‘Core Issues’ at ASEAN Meeting in Hanoi
Wen to Visit India in December Nov. 1 – Indian Prime Minister Manmohan Singh and Chinese Premier Wen Jiabao met on the sidelines of the 17th ASEAN summit in Hanoi on Friday. The two leaders publicly affirmed their commitment to maintaining friendly relations, but planned to discuss sensitive issues in the future. Wen is slated […]
India to Amend Contract Labor Act
Sept. 28 – The Indian government is considering making changes to its Contract Labor Act of 1971 that would allow temporary workers to be paid the same wage rates and benefits as regular employees. If the proposal is implemented, this will mean that temporary contract employees will also qualify for health and social security benefits.
India Raises Cap for Foreign Institutional Investors
Sept. 27 – India has raised the cap for foreign institutional investors (FII) wanting to invest in government securities and corporate bonds by US$5 billion each. Investment in government securities will now be allowed for up to US$10 billion from US$5 billion and corporate bonds limit increased to US$20 billion from US$15 billion. The change […]
DIPP: Allow JVs with Small Foreign Stakes to Enter Restricted Sectors
Sept. 23 – The Department of Industrial Policy and Promotion is voicing its opposition to a new proposal that would forbid companies with small levels of foreign funding to be allowed to enter restricted sectors. The agency is urging the finance ministry to reconsider the proposed policy that would keep out companies with even the […]
