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modi corruption at peaks ....

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In Radical Reform, 100% FDI in Most Sectors; Way Cleared For Apple Stores

NDTV Profit Team | Last Updated: June 20, 2016 18:42 (IST)
 
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The decision to ease FDI norms was taken at a high-level meeting chaired by Prime Minister Narendra Modi today
The decision to ease FDI norms was taken at a high-level meeting chaired by Prime Minister Narendra Modi today
Hours after Raghuram Rajan said he will not seek a second term as Reserve Bank chief, the government on Monday eased foreign direct investment (FDI) norms in pharma, aviation and defence sectors in what is being called a major reform move. 

The government also cleared the way for Apple to open stores in the country by relaxing single brand retail trading norms. The iPhone maker is expected to be a beneficiary of a three-year relaxation the government is introducing on local sourcing norms with an extension of up to five years. Other single-brand retailers like furniture giant IKEA are also expected to benefit.

The decision to relax FDI norms in key sectors, taken at a meeting chaired by Prime Minister Narendra Modi, is likely to calm foreign investors, rattled by the exit of Dr Rajan, analysts say.

PM Modi hailed the sweeping liberalisation of foreign direct investment rules, saying they would make Asia's third-largest economy the most open in the world.

The government had last year relaxed FDI norms in about dozen sectors, a move that helped FDI flows to hit an all-time high of $55.46 billion in 2015-16. The relaxation in FDI in more key sectors will provide major impetus to employment and job creation in India, the government said.

Centre has radically liberalized the FDI regime, with the objective of providing major impetus to employment and job creation in India.

 
 
"This is the second major reform after the last radical changes announced in November 2015. Now most of the sectors would be under automatic approval route, except a small negative list. With these changes, India is now the most open economy in the world for FDI," the government added.

Under the new norms, 74 per cent FDI would be allowed in pharma sector under the automatic route, which means that foreign investors will not need government's approval to invest up to 74 per cent in existing domestic companies. 

The government also allowed 100 per cent FDI in scheduled airlines, where 49 per cent FDI was allowed under automatic route. However, existing rule that prevents foreign airlines from owning more than 49 per cent in scheduled airlines stays.

In the crucial defence sector, foreign companies can own 100 per cent equity, according to the latest rules. Present FDI regime permits 49 per cent FDI participation in the equity of a company under automatic route. FDI above 49 per cent is permitted through government approval on case to case basis.
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Feelingbad Hero

Feelingbad

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lol... FDI liberalization India lo Jobs create ela chesthaayi.... Vunna smalla businesses anni lechipothaayi.... Decent ga nadichey small businesses kuda close ayipothaayi... Its a wrong model for India... 

Modi... You are a disaster... @~`

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Hitman LEGEND

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16 minutes ago, Feelingbad said:

lol... FDI liberalization India lo Jobs create ela chesthaayi.... Vunna smalla businesses anni lechipothaayi.... Decent ga nadichey small businesses kuda close ayipothaayi... Its a wrong model for India... 

Modi... You are a disaster... @~`

India lower middle class, poor people are more than 30 to 40% , vallau andaru small business meeda depend avutunnaru..  cant say they contribute to economy, but they dont depend on Govt help, with all these reforms and FDI's,  mega brands craze they are loosing business.. God save them.. ee vomerica uchulo india kooda koorukupotundi.. America business concept works for america or any nation with limited population.. not like India.. God Save Bharat..

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Hitman LEGEND

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12 minutes ago, VizagRocks said:

endhi idhi kooda corruption kindha osthunda @3$%

 

corruption kadu., monna congress lo andaru MODI speech ki 100 times claps kootaru ga .. deni kosam... deeni kosame... manodu deniki padatado american business man ki telusu..

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Hitman LEGEND

Hitman

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12 minutes ago, VizagRocks said:

endhi idhi kooda corruption kindha osthunda @3$%

 

corruption kadu., monna congress lo andaru MODI speech ki 100 times claps kootaru ga .. deni kosam... deeni kosame... manodu deniki padatado american business man ki telusu..

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kakatiya LEGEND

kakatiya

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only 17% of india pay taxes... hence government ilanti extreme steps teeskountundhi.. unless otherwise business people who earn in cores pay thousands in taxes,, india cant grow

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VizagRocks Celebrity

VizagRocks

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20 minutes ago, Hitman said:

corruption kadu., monna congress lo andaru MODI speech ki 100 times claps kootaru ga .. deni kosam... deeni kosame... manodu deniki padatado american business man ki telusu..

inkemundhi, India ki manchi rojulu ochhesaai.

Rajan gaadu ellipoyaadu, FDI kooda ichhesaaru. both sides full cash coming to India.

mee land rates antha sky touch chese time ochhesindhi inko 2-3 yrs. 

ee db lo entha mandi 100crorepatis avthaaro lekka pettadam start cheddam.

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Pawan_Kalyan_7 Celebrity

Pawan_Kalyan_7

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39 minutes ago, VizagRocks said:

endhi idhi kooda corruption kindha osthunda @3$%

 

Yes.. y not.. corruption can be in any form...if he is doing something thats going to effect the future of the country clearly

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VizagRocks Celebrity

VizagRocks

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1 minute ago, Pawan_Kalyan_7 said:

Yes.. y not.. corruption can be in any form...

Yes. but antha realization sudden ga ela ochhinda ani aalochisthunna.

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bondjamesbond Sr. Hero

bondjamesbond

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6 minutes ago, VizagRocks said:

inkemundhi, India ki manchi rojulu ochhesaai.

Rajan gaadu ellipoyaadu, FDI kooda ichhesaaru. both sides full cash coming to India.

mee land rates antha sky touch chese time ochhesindhi inko 2-3 yrs. 

ee db lo entha mandi 100crorepatis avthaaro lekka pettadam start cheddam.

fdis ravali kani manavi anni lakko kudadu kada ... 

appudu 1$ ki 500 rs vastayi .....

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Feelingbad Hero

Feelingbad

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36 minutes ago, kakatiya said:

only 17% of india pay taxes... hence government ilanti extreme steps teeskountundhi.. unless otherwise business people who earn in cores pay thousands in taxes,, india cant grow

Big problem solve cheyyadaaniki Inkoka bigger and irreversible problem ki vellamantaava uncle ? 

Imagine walmart becomes big in India. It will buy every fcking politician in India including PM, dictate and control the prices of commodities... %$#$

Moreover, it will eliminate all small businesses and there by employment. Walmart store doesn't have to be a big store. They may introduce mini stores, come and capture the smallest of the market in gullies... 

These biggies take away employment for 100 people and provide for 10 people. 

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