JSW Energy to invest Rs 35,500 crore in green energy projects in Maharashtra

The Maharashtra government and power major JWS Energy Ltd have signed two Memorandums of understanding (MoUs) to set up two green projects worth Rs 35,500 crore to generate 6,500 megawatts (MW) of clean energy in northern and western Maharashtra. Investment inflow from JSW will account for a considerable increase in renewable energy sources within Maharashtra […]

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Food Processing minister Paras urges the industry to raise its level from the current 10%

Food Processing Minister Pashupati Kumar Paras stressed on increasing the level of food processing in India from existing 10 per cent to boost farmers’ income. Addressing a virtual conference organized by industry body Assocham, the minister highlighted that the food processing industry has always been the “engine of growth for the Indian economy”. “India’s food […]

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India allows 100% FDI in oil PSUs approved for disinvestment in preparation for BPCL sale

The government has permitted 100 per cent foreign investment under the automatic route in oil and gas PSUs which have received in-principle approval for strategic disinvestment. The move would facilitate privatisation of India’s second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL). The government is privatising BPCL and selling its entire 52.98 per cent stake in the […]

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Indian cabinet note asks for 100% foreign investment on oil and gas PSUs: precursor to BPCL disinvestment

India’s commerce and industry ministry has floated a draft cabinet note seeking inter-ministerial views on a proposal to allow up to 100 per cent foreign investment under automatic route in oil and gas PSUs, which have an ‘in-principle’ approval for disinvestment. The move, if approved by the union cabinet, would facilitate privatisation of India’s second biggest oil […]

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Global foreign direct investment set to partially recover in 2021, but uncertainty remains

Global foreign direct investment (FDI) flows are expected to bottom out in 2021 and recover some lost ground with an increase of 10% to 15%, according to UNCTAD’s World Investment Report 2021 released Monday. FDI flows plunged globally by 35% in 2020, to $1 trillion from $1.5 trillion the previous year, the report says. Lockdowns caused […]

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China’s monetary policy and regional strategy

China’s orthodox monetary policy continues to be in stark contrast to the G7 world. It has also continued to attract inflows into its bond market though inflows have slowed in the short term given the narrowing of the spread between the Chinese 10-year and the US Treasury 10-year, Chris Wood, internationally renowned for his weekly […]

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Indian government to approve commercial mining for firms from neighbouring countries

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The government of India clarified through a Press Note that any foreign direct investment (FDI) in commercial coal mining from an entity of a country that shares land border with India will be allowed only after government approval.  “This is with reference to the ongoing auction process of coal mines for commercial coal mining…It is […]

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India’s trade deficit with China reduces to $48.66 billion in FY20

India’s trade deficit with China fell to $48.66 billion in 2019-20 on account of decline in imports from the neighbouring country, according to government data. Exports to China in the last financial year stood at $16.6 billion, while imports aggregated at $65.26 billion, the data showed. The trade deficit between the countries was at $53.56 […]

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