Investment

Relief for FPI Finance Minister Arun Jaitley said the Foreign Portfolio Investor (FPI) Category I & II will be exempt from indirect transfer provision under the Income Tax Act. Besides, indirect transfer provision shall not apply in case of redemption...

Tax relief for renewables Jaitley with budget bag in hand at Parliament House on 1 February 2017. #Finance Minister Arun Jaitley has announced substantial relief in Customs and Excise Duties for #Renewable Energy Sector and for manufacture of #Cashless Transaction...

Further liberalizing FDI Jaitley (with budget bag in hand) along with the Minister of State for Finance and Corporate Affairs, Arjun Ram Meghwal at Parliament House on February 1, 2017. Finance Minister Arun Jaitley said the Foreign Direct Investment (FDI)...

Budget highlights Foreign Direct Investment has increased 36 per cent with forex reserves at US$361 billion in January, said Finance Minister Arun Jaitley in presenting Budget 2017-18. Allocation for infrastructure stands at a record Rs 3,96,135 crore in the budget....

Power loan #Rural Electrification Corp (REC) is giving a Rs.6,890 crore financial assistance to power generation and transmission utilities in Tamil Nadu. It signed a loan agreement on 28 January 2017 in #Chennai with #Tangedco and #Tantranscop for a 800-megawatt...

Tolled LNG for East Godavari AG&P will design and build all the required facilities for the LNG import terminal including a floating storage and mooring system, regasification terminal, related utilities for the provision of tolled gas to power plants and...

North East rail projects Twenty major railway projects specifically for the North East region, costing approximately Rs.52,000 crore, have been taken up by the Government to strengthen the infrastructure and investment opportunities in the North East Region. Highlighting these projects,...

ONGC investment State-owned #Oil and Natural Gas Corp (ONGC) has signed a Memorandum of Understanding with #Andhra Pradesh state government to invest US$5.07 billion in developing offshore oil and gas finds by 2019-20. It will develop 10 oil and gas...

Andhra Pradesh's MoUs CM Naidu. Andhra Pradesh has attracted Rs.10.54 lakh crore investments and signed 665 Memorandum of Understandings (MoUs), announced #Chief Minister N. Chandrababu Naidu at the 23rd #CII Partnership Summit at Visakhapatnam on 28 Jan 2017. The MoUs...

ADNOC commits #Abu Dhabi National Oil Company (ADNOC) has highlighted its strategic partnerships and economic relationships with the Indian market, backed by investments. “India sits very high on our strategic partnerships and strategic economic relationships agenda and we would do...