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Harshal Sevak & Co > News > Foreign Exchange Management Act - FEMA 1999
26 Feb 2022
DIPP approves 3 FDI proposals for single brand retail

Mountain Trail Foods would undertake retail trading of food products including tea and beverages, according to the DIPP's Foreign Investment Facilitation portal.

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26 Feb 2022
India is mulling changes in law to cut government’s stake in banks

The proposals -- if approved -- would allow the government to gradually lower its holding in state-run lenders to 26% from 51% without diluting its grip on management appointments, the people said, asking not to be identified as the deliberations are private.

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25 Feb 2022
FPIs’ net investments cross Rs 51,000 cr in 2021; more likely in New Year

the global financial system still flush with liquidity, emerging market assets, especially equities, might well remain the preferred investment avenue for many more months to come, experts opined.

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25 Feb 2022
Global merchandise trade exceeds pre-COVID-19 level, but services recovery falls short

The annual report presents the statistical landscape for 2020 through a wide variety of statistics relevant to international trade, investment, maritime transport and development.

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25 Feb 2022
DPIIT to come out with revised FDI policy to facilitate LIC disinvestment: Secretary

Anurag Jain, secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), said the current policy related to the sector will not facilitate the disinvestment process of LIC and, hence, needs to be revised.

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25 Feb 2022
Jamie Dimon sees the best economic growth in decades, more than 4 Fed rate hikes this year

Dimon, the longtime CEO and chairman of JPMorgan Chase, said his confidence stems from the robust balance sheet of the American consumer. JPMorgan is the biggest U.S. bank by assets and has relationships with half of the country’s households.

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25 Feb 2022
Sensex hits 60,500 in volatile trade; analysts say correction imminent

Benchmark indices were volatile in Tuesday's session as traders weighed the possibility of a strong December quarter earnings season against rising Omicron cases and likely US Fed rate hikes.

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24 Feb 2022
India-EU summit to bolster international trade, investment, says PM Modi

Ahead of the India-EU virtual summit on Saturday, Prime Minister Narendra Modi and Portugal PM Antonio Costa said that strengthening the dialogue between the world's two largest democratic spaces will boost mutual ties and benefit international trade and investment.

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24 Feb 2022
Global stocks mixed after Wall Street falls on rate hike worries

Global shares were mixed Monday after Wall Street fell on worries the Federal Reserve will raise interest rates as soon as March.

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24 Feb 2022
Sebi releases framework for advisory, portfolio management services for accredited investors

The Securities and Exchange Board of India (Sebi) in August introduced the concept of "accredited investor" in investment advisers (IA) and portfolio managers rules.

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