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Foreign Investment Promotion Board
The Foreign Investment Promotion Board (FIPB) was a national agency of Government of India, with the remit to consider and recommend foreign direct investment (FDI) which does not come under the automatic route. India attract net inward foreign direct investment amounting to USD 30.76 billion during the fiscal year ended March 2014, a 14.13% increase compared to the previous fiscal year. acted as a single window clearance for proposals on foreign direct investment (FDI) in India. The Foreign Investment Promotion Board (FIPB) was housed in the Department of Economic Affairs, Ministry of Finance. FIPB was abolished on 24 May 2017, as announced by Finance Minister Arun Jaitley during 2017-2018 budget speech in Lok Sabha. Members *Secretary, Department of Economic Affairs - Chairman *Secretary, Department of Industrial Policy & Promotion - Member *Secretary, Department of Commerce - Member *Secretary, (Economic Relation), Ministry of External Affairs - Member The Board is empowere ...
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Government Of India
The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, consisting of 28 union states and eight union territories. Under the Constitution, there are three primary branches of government: the legislative, the executive and the judiciary, whose powers are vested in a bicameral Parliament, President, aided by the Council of Ministers, and the Supreme Court respectively. Through judicial evolution, the Parliament has lost its sovereignty as its amendments to the Constitution are subject to judicial intervention. Judicial appointments in India are unique in that the executive or legislature have negligible say. Etymology and history The Government of India Act 1833, passed by the British parliament, is the first such act of law with the epithet "Government of India". Basic structure The gover ...
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Parliament Of India
The Parliament of India (International Alphabet of Sanskrit Transliteration, IAST: ) is the supreme legislative body of the Republic of India. It is a bicameralism, bicameral legislature composed of the president of India and two houses: the Rajya Sabha (Council of States) and the Lok Sabha (House of the People). The president in his role as head of the legislature has full powers to summon and prorogue either house of Parliament or to dissolve the Lok Sabha. The president can exercise these powers only upon the advice of the prime minister of India, prime minister and his Union Council of Ministers. Those elected or nominated (by the president) to either house of Parliament are referred to as member of Parliament (India), members of Parliament (MPs). The member of Parliament, Lok Sabha, members of parliament of the Lok Sabha are direct election, directly elected by the Indian public voting in single-member districts and the member of Parliament, Rajya Sabha, members of parliam ...
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Ministry Of Finance (India)
The Ministry of Finance (IAST: ''Vitta Maṃtrālaya'') is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget. The Ministry of Finance is the apex controlling authority of ''four'' central civil services namely Indian Revenue Service, Indian Audit and Accounts Service, Indian Economic Service and Indian Civil Accounts Service. It is also the apex controlling authority of one of the central commerce services namely Indian Cost and Management Accounts Service History R. K. Shanmukham Chetty was the first Finance Minister of independent India. He presented the first budget of independent India on 26 November 1947. Department of Economic Affairs The Department of Economic Affairs is the nodal agency of the Union Government to formulate and monitor country's ...
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Foreign Relations Of India
India has diplomatic relations with 201 states/dependencies around the globe, having 199 missions and posts operating globally while plans to open new missions in 2020–21 hosted by 11 UN Member States. The Ministry of External Affairs (MEA), also known as the Foreign Ministry, is the government agency responsible for the conduct of foreign relations of India. With the world's third largest military expenditure, second largest armed force, fifth largest economy by GDP nominal rates and third largest economy in terms of purchasing power parity, India is a prominent regional power, a nuclear power, an emerging global power and a potential superpower. India assumes a growing international influence and a prominent voice in global affairs. As a former British colony, India is a member of the Commonwealth of Nations and continues to maintain relationships with other Commonwealth countries. Since gaining independence from Britain in 1947, however, India is now classifie ...
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Investment Promotion Agencies
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ...
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Executive Branch Of The Government Of India
Executive ( exe., exec., execu.) may refer to: Role or title * Executive, a senior management role in an organization ** Chief executive officer (CEO), one of the highest-ranking corporate officers (executives) or administrators ** Executive director, job title of the chief executive in many non-profit, government and international organizations; also a description contrasting with non-executive director ** Executive officer, a high-ranking member of a corporation body, government or military ** Business executive, a person responsible for running an organization ** Music executive or record executive, person within a record label who works in senior management ** Studio executive, employee of a film studio ** Executive producer, a person who oversees the production of an entertainment product * Account executive, a job title given by a number of marketing agencies (usually to trainee staff who report to account managers) * Project executive, a role with the overall responsibili ...
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Investment Promotion Agency
An investment promotion agency (IPA) is most often a government agency (or occasionally a non-profit organization functioning similar to a chamber of commerce or business consulting corporation) whose mission is to attract investment to a country, state, region or city. They do this through the use of marketing activities by creating awareness about a location as an attractive destination for investment Generally, IPAs have four core functions: image building of FDI hosting country, investment generation, project management and aftercare services. While IPAs play an important role in attracting investment to developed countries some IPAs have additional advocacy function. The IPA does this by introducing investors with local suppliers (raw materials or other inputs); providing useful statistical data and business information such as macroeconomic indicators (GNP, GDP, HDI, inflation etc.), labor productivity, average wages, attractive sectors of domestic economy; practical support l ...
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India Today
''India Today'' is a weekly Indian English-language news magazine published by Living Media India Limited. It is the most widely circulated magazine in India, with a readership of close to 8 million. In 2014, ''India Today'' launched a new online opinion-orientated site called the ''DailyO''. History ''India Today'' was established in 1975 by Vidya Vilas Purie (owner of Thompson Press), with his daughter Madhu Trehan as its editor and his son Aroon Purie as its publisher.Bhandare, Namita"70's: The decade of innocence".''Hindustan Times''. Retrieved 29 July 2012. At present, ''India Today'' is also published in Hindi, Tamil, Malayalam and Telugu Telugu may refer to: * Telugu language, a major Dravidian language of India *Telugu people, an ethno-linguistic group of India * Telugu script, used to write the Telugu language ** Telugu (Unicode block), a block of Telugu characters in Unicode S .... The India Today news channel was launched on 22 May 2015. In October 2017, Aroon P ...
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The Pioneer (Indian Newspaper)
''The Pioneer'' is an English-language daily newspaper in India. It is published from multiple locations in India, including Delhi. It is the second oldest English-language newspaper in India still in circulation after ''The Times of India''. In 2010, The Pioneer launched its Hindi version in Lucknow. Author Rudyard Kipling (1865-1936), in his early 20s, worked at the newspaper office in Allahabad as an assistant editor from November 1887 to March 1889. In July 1933, ''The Pioneer'' was sold to a syndicate and moved from Allahabad to Lucknow, Uttar Pradesh, at which time the ''Pioneer Mail and India Weekly News'' ceased publication. The newspaper remained a primarily Lucknow-based paper until 1990, when it was purchased by the Thapar Group, under L. M. Thapar, who made it a national newspaper, published from Delhi, Lucknow, Bhubaneswar, Kochi, Bhopal, Chandigarh, Dehradun and Ranchi. Thapar sold the paper to its editor Chandan Mitra in 1998. At that time it had 484 employees. M ...
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Maxis Communications
Maxis Communications or Maxis Berhad is a communications service provider in Malaysia. It is one of the oldest and largest telecommunications companies in the country. Headquartered in Kuala Lumpur, Malaysia, it provides a variety of communication products, applications and value added services for consumers, large enterprises as well as small & medium business owners. Maxis uses the dialing prefixes of "011 12000000 through 12499999", "012", "014-2", and "017". The majority of the company's stake is owned by Malaysian billionaire, Ananda Krishnan. It's coveravage from Arau(Perlis) until Long Pasia(Sabah). Coverage, Products and Services Maxis operates EDGE, 2G EDGE, LTE (telecommunication), 4G LTE and LTE Advanced, 4G LTE-A networks. As of 2016, Maxis has a 100% 4G population coverage with minimum Signal strength in telecommunications, signal strength of -110dBm in Klang Valley, Penang and Johor Bahru; 95% 4G population coverage with minimum signal strength of -110dBm across ...
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Foreign Direct Investment
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. The origin of the investment does not impact the definition, as an FDI: the investment may be made either "inorganically" by buying a company in the target country or "organically" by expanding the operations of an existing business in that country. Definitions Broadly, foreign direct investment includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans". In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital ...
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Aircel
Aircel Ltd. was an Indian mobile network operator headquartered in Mumbai that offered voice and 2G and 3G data services. Maxis Communications held a 74% stake and Sindya Securities and Investments held the remaining 26%. Aircel was founded by Chinnakannan Sivasankaran and commenced operations in Tamil Nadu in 1999. It was once a market leader in Tamil Nadu and had considerable presence in Odisha, Assam and North-East telecom circles. 2G and 3G Services including voice were shut down in all circles after failure of merger talks with Reliance Communications. History Aircel was founded by Chinnakannan Sivasankaran from Kovilur village, Cheyyar taluk, Tiruvannamalai district and started its operations in the Tamil Nadu telecom circle in 1999. It became the leading operator in Tamil Nadu and one of the fastest growing mobile operators in India. Malaysian telecom company Maxis Communications bought a 74% stock in the company from Sivasankaran in 2005. The remaining 26% stock ...
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