Australia supermarket bans sewing needles amid strawberry panic
Dow Jones hits record high of 26,654.19
India Will Import Iranian Oil; In Talks With EU Over Payment Option
US oil prices surge as inventory draw adds to supply concerns
Oil cartel backs Iran in face of looming USA sanctions
India woos foreign cos with new norms
13 January 2018, 03:55 | Joann Bryant
FDI policy liberalised, 100% FDI now in retail, construction
Under the circumstances, it would be prudent to honour the report of the parliamentary committee, which has recently recommended against the disinvestment in Air India and has recommended for holding back this decision for the time being, he added. These are meant to liberalize and simplify the FDI policy so as to provide ease of doing business in the country. "We believe the decision to allow 100 per cent FDI through automatic route will ease the process for foreign as well domestic brands", Retailers Association said. It is therefore, eligible for 100 per cent FDI under the automatic route.
Government's decision of allowing 100 % FDI for single brand retail has received criticism from the BJP's ideological mentor RSS.
Besides, the clarification that real estate broking service will not amount to real estate business has addressed the issue being faced by such firms.
By allowing 49% FDI in Air India, the government will likely get more bidders and hence a better valuation.
Sangh economic wing Swadeshi Jagran Manch on Thursday said the Narendra Modi government's decision to ease foreign direct investment norms would go against the "interest of the country" and urged people to resist the move. Senior Congress leader Anand Sharma said that 100 per cent FDI in single brand retail was notified during the previous UPA government and the only change made is to allow it through the automatic route. However, foreign investors' purchases were restricted to the secondary market only.
Commerce and Industry Minister Suresh Prabhu said the decisions would help "remove roadblocks" for receiving foreign investments and expressed the hope that relaxation of norms would facilitate faster development of the economy.
In a major move to attract more FDI into the country, the government on Wednesday permitted foreign airlines to invest up to 49 per cent in disinvestment-bound Air India and liberalised rules for foreign investment in single brand retail, construction and power exchanges.
This is the second time that the FDI policy has been changed by the current government.
This is unedited, unformatted feed from the Press Trust of India wire.
Rob Lowe Blasts Bella Thorne For Clueless Mudslide Tweet
In the since-deleted tweet, Thorne was stuck on the 101 Freeway near Los Angeles. "I'm sorry you were inconvenienced". Dozens of stranded residents also have been rescued by helicopter in areas of Santa Barbara and Ventura counties.
Turkish citizens warned against travel to US
The warning from Turkish officials comes shortly after U.S. officials issued a similar statement regarding travel to Turkey. The relations between the North Atlantic Treaty Organisation allies United States of America and Turkey are now very tense.
State Department Officially Debuts New Travel Advisory System
Several European countries that are popular with American tourists were put at the Tier 2 level due to risks related to terrorism. They will be posted to the State Department's website and sent to Americans enrolled in the " Smart Traveler " program.
Iowa 104, IL 97 (OT): 3 takeaways, highlights
Frazier led IL with a career-high 27 points, including seven 3-pointers, while Leron Black and Aaron Jordan added 18 points each. Iowa, after giving up 54 points in the first half, only allowed 36 and 7 in the second half and overtime, respectively.