GOVT TO OPEN MORE SECTORS TO FDI
Article Abstract:
The Government of India plans to open more sectors like railways, water resources, food and civil supplies, science and technology and agricultural segments for foreign investment. Some proposals in coal sector, food and civil supplies sector and 100 percent foreign equity proposals in the non- conventional energy sector will be shifted to the automatic approval list. The administrative ministries have studied 20 sectors, of which 11 have been identified for further liberalisation in the area of foreign investment. These moves are mainly aimed at countering the economic sanctions and sending the right signals to foreign investors. (gsh)
Comment:
India: Govt plans to open more sectors like railways, agriculture, food & civil supplies, among others, for foreign investment
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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GOVT TO MONITOR EPCG OBLIGATIONS IN $ TERMS
Article Abstract:
The government has decided to monitor the Export Promotion Capital Goods scheme obligations in US dollar terms in order to address the problems of forex fluctuations. It will monitor the obligations at an exchange rate which will be fixed when the licence is given to the importing company. The government has been facing a difficulty in monitoring the export obligations as they are spread over a period of time and the shipments are made in different currencies. Exports in any currency will be converted into dollars unless made in one foreign currency. (khr)
Comment:
India: Government to monitor Export Promotion Capital Goods scheme obligations in dollar terms to address forex fluctuations
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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