TMI BlogGovernment measures resulted in increased FDI inflowsX X X X Extracts X X X X X X X X Extracts X X X X ..... Government measures resulted in increased FDI inflows - News and Press Release Dated:- 29-7-2022 - News - India received highest ever FDI inflow of INR 6,31,050 crores in FY 2021-22 FDI Equity inflow in Manufacturing sectors increased to INR 1,58,332 crore in FY 21-22 from INR 89,766 crore (FY 2020-21) The Government has put in place a liberal and transparent policy for attracting Fore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ign Direct Investment (FDI), wherein most sectors, except certain strategically important sectors, are open for 100% FDI under the automatic route. Subject to the provisions of the FDI Policy, foreign investment in 'manufacturing' sector is under automatic route. Manufacturing activities may be either self-manufacturing by the investee entity or contract manufacturing in India through a le ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gally tenable contract, whether on Principal to Principal or Principal to Agent basis. Further, a manufacturer is permitted to sell its products manufactured in India through wholesale and/or retail, including through e-commerce, without Government approval. Measures taken by the Government on FDI policy reforms have resulted in increased FDI inflows in the country. India has received its highe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st ever FDI inflow of INR 6,31,050 crores in Financial Year 2021-22. Further, FDI Equity inflow in Manufacturing sectors has increased to INR 1,58,332 crore in Financial Year 2021-22 from INR 89,766 crore (FY 2020-21), which is an increase of 76%. India's monetary and fiscal Policies have been positioned to lowering inflation and managing the Current Account Deficit (CAD). Under this overar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ching framework, monetary and fiscal adjustments are done to address emerging economic issues. Further, Reserve Bank of India has undertaken several measures to enhance forex inflows. These measures include: i. exemption of incremental Foreign Currency Non-Resident (Bank) [FCNR(B)] and Non-Resident (External) Rupee (NRE) deposits from Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... LR), ii. permission to banks to raise fresh FCNR(B) and NRE deposits without reference to the extant regulations on interest rates until end-October 2022, iii. inclusion of all new issuances of G-Secs of 7-year and 14-year tenors under the Fully Accessible Route (FAR) for FPls, iv. exemption of investments by FPls in G-Secs and corporate debt made till October 31, 2022 from short term li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mit, v. allowing FPI in commercial paper and non-convertible debentures with an original maturity of up to one year, vi. temporary increase in the limit for external commercial borrowings (ECBs) under the automatic route from US$ 750 million or its equivalent per financial year to US$ 1.5 billion, vii. increase in the all-in cost ceiling under the ECB framework by 100 basis points, subje ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct to the borrower being of investment grade rating, and viii. permission to AD Cat-I banks to utilise overseas foreign currency borrowings for lending in foreign currency to entities for a wider set of end-use purposes, besides exports. This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash, in a written reply in the Rajya Sabha today. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... *** AD/KP - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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