Search Results for: Investment

ethiopian-wine-raises-cheer-for-economy

Ethiopian wine raises cheer for economy

The sandy soil, short rainy season, cheap land and abundant labour make Ethiopia ideal wine growing territory, and the government is hoping wine can also boost the country's image abroad to attract more foreign investment. Duration: 01:50 Aug 9, 2014
fdi-in-railways-and-defence-draws-mixed-reactions

FDI in railways and defence draws mixed reactions

New Delhi, Aug 07 (ANI): Expert and political leaders on Thursday said that central government's move to allow foreign direct investment (FDI) in railways and defence sectors would not give private sector much control, adding it was not fit for citizens of the country. The cabinet approved a plan to raise the amount of FDI allowed in its defence and railways industries, part of Prime Minister Narendra Modi's efforts to attract more foreign cash and revive the economy. The government is to increase the foreign investment limit in the defence industry to 49 percent from 26 percent. Defence expert, Commodore (retired) Uday Bhaskar, said with 49 percent, bigger companies won't get much control. Meanwhile, BSP chief Mayawati, said the BJP should hold a discussion on the matter. Senior CPI (M) leader Sitaram Yechury, said the policy would only benefit investors. Aug 7, 2014
cabinet-clears-100-fdi-in-railways-and-49-in-defence-opposition-parties-oppose

Cabinet clears 100% FDI in Railways and 49% in defence, opposition parties oppose

New Delhi, Aug 07 (ANI): The Left and other opposition parties have strongly opposed the 100 per cent foreign investment in railway infrastructure projects and 49 per cent in defence. The Cabinet cleared the long-delayed proposal for raising FDI limit in defence to 49 percent and fully opened up the railway infrastructure segment, like high-speed trains, for foreign investment. The decisions taken at the Cabinet meeting headed by Prime Minister Narendra Modi came barely two weeks after the one to raise the cap of FDI in insurance sector from 26 percent to 49 percent. Aug 7, 2014
congress-asks-government-to-explain-the-hurry-to-introduce-insurance-bill

Congress asks government to explain the hurry to introduce insurance bill

New Delhi, Aug 6 (ANI): Congress leader Anand Sharma has said the ruling BJP government must explain why they are in a hurry to introduce the insurance amendment bill. The government was to table the Insurance Laws (Amendment) Bill in the upper house of the Parliament on Monday (August 04) but it was removed from the business list after they failed to gain cooperation from the opposition in passing the bill. The proposal, which requires the approval of both houses of the Parliament, would bring foreign investment worth up to $2 billion into the sector within a year of its implementation. Addressing a news conference in New Delhi, Sharma, who is also the deputy leader of opposition in the upper house, said the BJP government needs to be more patient regarding the controversial bill. Aug 6, 2014
obama-announces-33-bn-in-deals-financing-for-africa

Obama announces $33 bn in deals, financing for Africa

President Barack Obama on Tuesday urged African leaders to create a better environment for business by halting corruption, as he announced $33 billion in new US investment for the continent. Duration: 00:54 Aug 6, 2014
Prev 401 402 403 404 405 406 407 408 409 410 Next