Loading...

⚠ ✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Filters / Advanced Search ❯
TEXT

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ---- ❯
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ---- ❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Advisory on “Multistate Registration” Facility for GST Registration
    Forward-Looking Survey on Private Corporate Sector CAPEX Investment Intentions (Survey period: October–December 2026)
    CRIT and IIFT Organise Three-Day Orientation Course on Trade Negotiations
    Union Minister of Commerce and Industry Shri Piyush Goyal Participates in Opening Day of G20 Trade Ministers’ Meeting in Milwauke, U.S
    Insolvency and Bankruptcy Code has strengthened credit discipline, improved recovery climate and contributed to ease of doing business: Harsh Malhotra...
    Central Bureau of Narcotics, DNC office, conducts drug abuse and addiction awareness campaign under Operation Jagriti in Lucknow
    Commerce and Industry Minister Piyush Goyal Calls for WTO-Compliant Approach to Correcting Global Trade Distortions at the Concluding Day of G20 Trade...
    APEDA Facilitates Export of Bihar’s Makhana from Purnea to Greece
    APEDA Facilitates FPO-led Export of Frozen Food Products from Haryana to Canada
    Government Extends Operational Timelines of RELIEF (Resilience & Logistics Intervention for Export Facilitation) Intervention to Support Exporters Ami...
    Government Extends Remission of Duties and Taxes on Exported Products ( RoDTEP) Scheme upto 31st December 2026
    DRI cracks down on illegal wildlife trafficking; elephant ivory, leopard skin, live pangolins and tiger parts seized; 11 persons arrested
    DRI busts two-way gold-diamond smuggling syndicate at Mumbai airport
    CBN Madhya Pradesh Unit destroys over 10.84 tonnes of seized narcotic drugs and deposits 154.375 kg of seized opium at GOAW, Neemuch
    CBN Rajasthan Unit seizes 1.080 kg hydroponic weed (ganja) concealed in international parcel from Thailand
    CBN Madhya Pradesh Unit seizes 4.240 kg opium; one person arrested
    Gross and Net GST revenue collections for the month of September, 2026
    Release of the Annual Survey of Industries (2024-25) results
    5th Kautilya Economic Conclave to be held in New Delhi from 3 to 5 October 2026 under the theme “Resilience in an Age of Flux”
    CCI approves the acquisition of certain equity share capital in IndiaFirst Life Insurance Co. Ltd. by BNP Paribas Cardif
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
October 3, 2026
Show AI Summary
Multistate GST registration enables normal taxpayers to submit common information once for simultaneous State and UT applications.
Multistate Registration enables normal taxpayers seeking GST registration under the same PAN in more than one State or Union Territory to apply simultaneously. A Master TRN is generated after selection of the intended jurisdictions and must be submitted with Common Registration Information. Individual TRNs are then generated for each selected jurisdiction, with common information auto-populated and editable. Applicants must provide principal and additional places of business, State-specific information, and Aadhaar authentication.
October 3, 2026
Show AI Summary
Private corporate CAPEX survey collects forward investment data through secure self-reporting while protecting enterprise-level confidentiality.
CAPEX 2026 collects information from selected large private corporate enterprises on past, provisional and intended capital expenditure across asset groups and sectors, including investment strategies, financing, green energy and robotics. Responses are self-compiled through a secure portal with bilingual and digital assistance. Complete, accurate and timely reporting supports validation and aggregate investment indicators. Individual enterprise information is protected through confidentiality safeguards, and unit-level CAPEX data are not disseminated.
October 3, 2026
Show AI Summary
International trade negotiations training addressed WTO rules, dispute settlement, sustainability, trade remedies, digital trade, and services.
Trade-negotiation capacity-building introduced foundational trade theory and the WTO framework, followed by instruction on treaty interpretation, trade data and dispute settlement. Specialised sessions addressed trade remedies, rules of origin, non-tariff measures, intellectual property rights, digital trade and services. It also considered labour, environmental and sustainability issues, including carbon border adjustment and deforestation requirements, within an increasingly complex global trade environment.
October 3, 2026
Show AI Summary
Food security safeguards distinguish transparent public stockholding measures from coercive trade actions within multilateral trade cooperation.
India maintains public stockholding, procures food from small and marginal farmers, and may adopt temporary, transparent measures during harvest shortfalls to preserve food availability and affordability. These food-security measures are identified as recognised within the WTO framework. A distinction is advanced between legitimate food-security interventions and coercive trade actions used to exert pressure on other countries. G20 Trade Ministers reached consensus on a statement addressing the weaponization of food through coercive trade actions and committed to continued cooperation.
October 3, 2026
Show AI Summary
Insolvency resolution reform prioritises timely, value-maximising outcomes through technology adoption, mediation, and legislative responsiveness across the insolvency ecosystem.
The Insolvency and Bankruptcy Code seeks faster, value-maximising resolutions through legislative responsiveness, technology adoption and adherence to prescribed timelines. Reform priorities include reducing case-disposal delays, speeding consideration of resolution plans, revising admission thresholds, mediation and sector-specific carveouts. The framework is associated with creditor recoveries, rescue of viable businesses and changed debtor-creditor behaviour.
October 3, 2026
Show AI Summary
Drug abuse prevention awareness promotes student education, peer outreach, and youth responsibility for a drug-free society.
Operation Jagriti promotes drug abuse and addiction awareness among students by addressing the harmful effects of substance use and practical prevention measures. Students are encouraged to avoid drugs, spread prevention awareness among peers and communities, and contribute responsibly to the Nasha Mukt Bharat objective of a drug-free India.
October 3, 2026
Show AI Summary
Forced-labour border measures require verifiable evidence, due process and WTO consistency while preserving cooperation without unilateral trade action.
Global trade distortions should be addressed through WTO-consistent, evidence-based anti-dumping and countervailing measures, without restricting developing countries' policy space for industrialisation. Most-Favoured-Nation treatment, consensus decision-making, special and differential treatment, and a two-tier dispute-settlement system remain central to multilateral trade governance. Imports produced using forced labour are prohibited, while border measures must rely on specific, verifiable evidence, observe due process and WTO rules, and avoid presumptions concerning entire countries, regions or sectors.
October 3, 2026
Show AI Summary
Export-led market access for Makhana expands overseas buyer linkages, supports higher producer returns, and promotes European market diversification.
Export-oriented market access for Bihar's Makhana is being expanded through a facilitated shipment of popped Makhana from Purnea to Greece. APEDA's support connects producers and exporters with international buyers and strengthens the export value chain. Higher price realisation than domestic selling prices indicates scope for improved producer returns, wider farmer and producer-group participation, and diversification into European markets. Export promotion is linked to a proposed Agri Export Policy and packhouse development.
October 3, 2026
Show AI Summary
FPO-led export market access links processed food producers with global buyers and strengthens agricultural value-chain participation.
APEDA facilitated an FPO-led export of frozen food products to Canada by Aterna Foods Producer Company Limited, with support under its Financial Assistance Scheme. The export included frozen vegetables, sweet corn, samosa and other processed food products. Market-linkage initiatives connect Farmer Producer Organisations and Farmer Producer Companies with exporters and global buyers, promoting export-oriented value chains and integrating agricultural produce with processing and international markets.
October 3, 2026
Show AI Summary
RELIEF timeline extension preserves credit-insurance support and premium protection for exporters facing West Asia maritime disruptions.
Component II of the RELIEF intervention extends operational timelines for exporters affected by West Asia maritime-logistics disruptions. It encourages eligible exporters to obtain ECGC cover for upcoming shipments to specified regions with 95% risk coverage. Benefits apply to qualifying Stand Alone Policies and Whole Turnover Policies, covering full container load, less than container load, and reefer containers, but excluding energy shipments. Eligible exporters' insurance premium cannot increase beyond the pre-disruption level during the relevant period.
October 3, 2026
Show AI Summary
RoDTEP duty remission continues for eligible exporters, preserving existing rates and value caps through the extended period.
RoDTEP Scheme continuation is extended until 31 December 2026 for exports made by Domestic Tariff Area units, Advance Authorisation holders, Special Economic Zone units and Export Oriented Units. The scheme remits embedded, un-rebated Central, State and local duties, taxes and levies borne on exported products. Existing RoDTEP rates and value caps remain unchanged throughout the extension.
October 3, 2026
Show AI Summary
Wildlife trafficking enforcement targeted unlawful possession, transport and proposed sale of ivory, leopard skin, pangolins and tiger parts.
Illegal wildlife trafficking operations addressed alleged possession, transportation, and attempted sale of elephant ivory, leopard skin, live pangolins, and tiger parts. Possession without licence and trade in elephant ivory or ivory articles are prohibited under the Wild Life (Protection) Act, 1972. Leopards, pangolins, tigers, and their body parts receive Schedule I protection, while pangolins are also listed in CITES Appendix I, prohibiting international trade. Recovered wildlife articles, live animals, and vehicles were transferred or seized for action by forest and specialised wildlife enforcement agencies.
October 3, 2026
Show AI Summary
Two-way airport smuggling: airport staff allegedly facilitated clandestine gold entry and illicit diamond export through transit and outbound passengers.
An alleged two-way smuggling arrangement involved airport staff receiving foreign-origin gold dust in wax capsules from transit passengers for clandestine removal into India and transferring diamonds to an outbound passenger for illicit export to Dubai. Seizure included 23 capsules of 24-carat foreign-origin gold dust in wax form and natural and lab-grown diamonds. The modus operandi used the same airport employee to facilitate import-side gold smuggling and export-side diamond smuggling.
October 3, 2026
Show AI Summary
Seized narcotic-drug disposal prevents contraband re-entry through supervised destruction, lawful opium deposit, and environmentally safe incineration.
Authorised disposal of seized narcotic drugs under the Narcotic Drugs and Psychotropic Substances Act, 1985 involved destruction of 10,842.150 kg of contraband through an approved process supervised by the Drug Disposal Committee and attended by a pollution-control representative. Seized opium was separately deposited with the Government Opium and Alkaloid Works as part of the disposal process, aimed at preventing contraband from returning to illicit drug trafficking and ensuring environmentally safe incineration.
October 3, 2026
Show AI Summary
International postal narcotics trafficking: hydroponic ganja concealed in cake pouches was seized under NDPS procedures.
Seizure under the relevant provisions of the Narcotic Drugs and Psychotropic Substances Act, 1985, covered hydroponic weed (ganja) recovered from an international parcel received from Thailand. The contraband was concealed in cake pouches placed among other packets and articles to camouflage its presence. Specific intelligence prompted examination, recovery, weighing and seizure following due legal procedure, with further investigation in progress.
October 3, 2026
Show AI Summary
NDPS enforcement enabled opium and vehicle seizure, with arrest after an intelligence-led roadside interception operation.
Intelligence-based enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985, resulted in the interception of a motorcycle and recovery of 4.240 kg of opium. The opium and motorcycle used for transportation were seized after legal formalities, and one person was arrested. Investigation continues to trace the contraband's source and intended destination and identify other persons connected with the suspected trafficking network.
October 1, 2026
Show AI Summary
GST revenue accounting distinguishes gross collections, refunds, net domestic and customs revenue, and SGST-IGST settlement reporting.
Gross GST revenue for September 2026 distinguishes domestic collections and IGST on imports; after domestic and ICEGATE refund adjustments, net revenue is calculated separately for domestic and customs GST. Cumulative collections through September similarly distinguish gross receipts, refunds and net revenue. SGST reporting compares pre-settlement receipts with post-settlement amounts that include the SGST portion of IGST settled to States and Union Territories. State and Union Territory revenue comparisons exclude GST on imported goods, while April-September domestic collections are split between Central and State formations.
October 1, 2026
Show AI Summary
Annual Survey of Industries results record broad manufacturing growth and define survey coverage, enumeration, digital data collection, and reliability limits.
ASI 2024-25 records broad-based growth in registered manufacturing, including establishments, output, Gross Value Added, employment, emoluments, fixed capital, invested capital, net income and net profit. The survey covers specified registered factories, bidi and cigar establishments, certain electricity undertakings, and qualifying large units in State-maintained business registers. Data are collected electronically under the statutory framework for collection of statistics using an establishment-based approach, with quality checks and caution required because the estimates arise from a sample survey.
October 1, 2026
Show AI Summary
Economic resilience policy dialogue examines financial stability, digital governance, trade fragmentation, and investment priorities amid global uncertainty.
The fifth Kautilya Economic Conclave will examine economic resilience amid global shocks through discussions on macroeconomic stability, monetary policy, financial stability, investment, fiscal federalism and capital-market development. Its agenda also covers digital economy governance, artificial intelligence, trade fragmentation, strategic autonomy, climate resilience, food systems, demographic change and global health security. Plenaries, parallel sessions and closed-door roundtables will consider policy responses and mobilisation of domestic and foreign capital for long-term investment.
September 30, 2026
Show AI Summary
Equity acquisition in a life insurer receives competition clearance for BNP Paribas Cardif's proposed investment.
Competition Commission of India approval covers a proposed combination under which BNP Paribas Cardif will acquire certain equity share capital in IndiaFirst Life Insurance Company Limited. The transaction is an acquisition of an ownership interest in an Indian life insurer. IndiaFirst Life Insurance Company Limited is incorporated in India, is an IRDAI-licensed insurer, and provides life insurance in India.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Customs, DGFT & SEZ

Press Note 7 (2008) - Consolidated Policy on Foreign Direct Investment

June 16, 2008

Contents
Summary
Note

Note

-

Bookmark

Print

Print

After the review of the policy on Foreign Direct Investment (FDI) undertaken in 2005-06, summary of the policy was notified vide Press Note 4 (2006).

2.         Thereafter, further policy revisions were issued vide Press Note 5(2006) and Press Note 2 (2007) and 3(2007).  A comprehensive review of the FDI policy was undertaken in 2007-08 and the policy measures were notified vide Press Note 1-6 (2008).

3.         A summary of the FDI policy and regulations applicable in various sectors and activities after incorporating the policy changes up to 31-3-2008 is as below:  

POLICY ON FOREIGN DIRECT INVESTMENT -- (31st March 2008)

I.          Sectors prohibited for FDI

i.                     Retail Trading (except single brand product retailing)

ii.                   Atomic Energy

iii.                  Lottery Business

iv.                  Gambling and Betting

v.                    Business of chit fund

vi.                  Nidhi Company

vii.                 Trading in Transferable Development Rights (TDRs).

viii.               Activity/sector not opened to private sector investment

II.                  Sector-specific policy for FDI:

In the following sectors/activities, FDI is allowed up-to the limit indicated below subject to other conditions as indicated.

 

Sr.

No.

Sector/Activity

FDI Cap /

Equity

Entry

Route

Other  conditions

I

AGRICULTURE

1.

Floriculture, Horticulture, Development of Seeds, Animal Husbandry, Pisciculture, Aqua-culture and Cultivation of Vegetables & Mushrooms under controlled conditions and services related to agro and allied sectors.

 

Note: Besides the above, FDI is not allowed in any other agricultural sector/activity

100%

Automatic

 

2.

Tea  Sector,

including tea

plantation

Note: Besides the above, FDI is not allowed in any other plantation sector/activity

100%

FIPB

Subject to divestment of 26% equity in favour of Indian partner/Indian public within 5 years and prior approval of State Government concerned in case of any change in future  land use.

II

INDUSTRY

II A

MINING

3.

Mining covering

exploration and

mining of diamonds

& precious stones;

gold, silver and

minerals.

100%

Automatic

Subject to Mines & Minerals (Development & Regulation) Act, 1957 www.mines.nic.in

Press Note 18 (1998) and Press Note 1 (2005) are not applicable for setting up 100% owned subsidiaries in so far as the mining sector is concerned, subject to a declaration from the applicant that he has no existing joint venture for the same area and /or the particular mineral.

4.

Coal  &  Lignite

mining for captive

consumption by

power projects,

and iron & steel, cement  production and other eligible activities permitted under the Coal Mines

(Nationalisation) Act, 1973.

100%

Automatic

Subject to provisions of Coal Mines

(Nationalization) Act, 1973

www.coal.nic.in

5.

Mining and mineral separation of titanium bearing minerals and ores, its value addition and integrated activities .

Note : FDI will not be allowed in mining of "prescribed substances" listed in Government of India notification No. S.O. 61(E) dt. 18.1.2006 issued by the Department of Atomic Energy under the Atomic Energy Act, 1962.  

100%

FIPB

Subject to sectoral regulations and the Mines and Minerals (Development & Regulation) Act, 1957 and the following conditions-

i. value addition facilities are set up within India along with transfer of technology;

ii. disposal of tailing during the mineral separation shall be carried out in accordance with regulations framed by the Atomic Energy Regulatory Board such Atomic Energy (Radiation Protection) Rules 2004 and the Atomic Energy (Safe Disposal of Radioactive Wastes) Rules 1987.

II B

MANUFACTURING

 6.

Alcohol-

Distillation  &

Brewing

 

100%

 

Automatic

Subject to license by appropriate authority

 7.

Cigars  &

Cigarettes-

Manufacture

 

100%

 

FIPB

Subject to industrial license under the Industries (Development & Regulation) Act, 1951

 8.

Coffee&  Rubber

processing  &

warehousing

 

100%

Automatic

 

 9.

Defence

production

 

26%

FIPB

Subject to licensing under Industries (Development & Regulation) Act, 1951 and guidelines on FDI in production of arms & ammunition.

 10.

Hazardous

chemicals,  viz.,

hydrocyanic acid

and its derivatives;

phosgene and its

derivatives; and

isocyanates and diisocyantes of hydrocarbon.

100%

Automatic

Subject to industrial license under the Industries (Development & Regulation) Act, 1951 and other sectoral regulations.

 11.

Industrial

explosives -

Manufacture

100%

Automatic

Subject to industrial license under Industries (Development & Regulation) Act, 1951 and regulations under Explosives Act, 1898

12.

Drugs & Pharmaceuticals including those involving use of recombinant DNA technology

100%

Automatic

 

II C

POWER

13.

Power including

generation

(except Atomic

energy);

transmission, distribution and

Power Trading.

 

100%

Automatic

Subject to provisions of the Electricity Act, 2003 www.powermin.nic.in

III

SERVICES

14.

CIVIL AVIATION SECTOR

(i)

Airports-

a.

Greenfield projects

100%

Automatic

Subject to sectoral regulations notified by Ministry of Civil Aviation www civilaviation.nic. in

 

b.

Existing projects

100%

FIPB

beyond

74%

Subject to sectoral regulations notified by Ministry of Civil Aviation www.civilaviation.nic. in

 

(ii)

Air Transport Services including Domestic Scheduled Passenger Airlines; Non-Schedules Airlines; Chartered Airlines; Cargo Airlines; Helicopter and Seaplane Services

       c.

Scheduled Air Transport

Services/ Domestic Scheduled Passenger Airline

49%- FDI;

100%- for

NRI

investment

Automatic

Subject to no direct or indirect participation by foreign airlines and sectoral regulations..

       d.

Non-Scheduled Air Transport Service/ Non-Scheduled airlines, Chartered airlines, and Cargo airlines

74%- FDI

100%- for NRIs investment

Automatic

Subject to no direct or indirect participation by foreign airlines in Non-Scheduled and Chartered airlines. Foreign airlines are allowed to participate in the equity of companies operating Cargo airlines. Also subject to sectoral regulations.

       e.

Helicopter Services/Seaplane services requiring DGCA approval

100%

Automatic

Foreign airlines are allowed to participate in the equity of companies operating Helicopter and seaplane airlines. Also subject to sectoral regulations.

(iii)

Other services under Civil Aviation Sector

      f.

Ground Handling Services

74%- FDI

100%- for NRIs investment

Automatic

Subject to sectoral regulations and security clearance.

      g.

Maintenance and Repair organizations; flying training institutes; and technical training institutions

 

100%

Automatic

 

 15.

Asset

Reconstruction

Companies

 

49%

(only

FDI)

 

FIPB

Where any individual investment exceeds 10% of the equity, provisions of Section 3(3)(f) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 should be complied with. www.finmin.nic.in

16.

Banking  -

Private  sector

74%

(FDI+FII)

Automatic

Subject to guidelines for setting up branches / subsidiaries of foreign banks issued by RBI. www.rbi.org.in

17.

Broadcasting

a.

FM Radio

FDI +FII

investment

up to 20%

FIPB

Subject to Guidelines notified by Ministry of Information & Broadcasting. www.mib.nic.in

b.

Cable network

49%

(FDI+FII)

FIPB

Subject to Cable Television Network Rules (1994) Notified by Ministry of Information & Broadcasting.  www.mib.nic.in

c.

Direct-To-Home

49%

(FDI+FII).

Within this

limit, FDI

component not to exceed

20%

FIPB

Subject to guidelines issued by Ministry of Information & Broadcasting. www.mib.nic.in

d.

Setting up

hardware facilities

such as up-linking,

HUB, etc

49%

(FDI+FII)

FIPB

Subject to Up-linking Policy notified by Ministry of Information & Broadcasting. www.mib.nic.in

e.

Up-linking a News

& Current Affairs

TV Channel

26%

FDI+FII

FIPB

Subject to guidelines issued by Ministry of Information & Broadcasting. www.mib.nic.in

f.

Up-linking a Non-

news & Current

Affairs TV

Channel

100%

FIPB

Subject to guidelines issued by Ministry of Information & Broadcasting. www.mib.nic.in

18.

Commodity Exchanges

49% (FDI+FII)

Investment by Registered FII under PIS will be limited to 23% and

Investment under FDI Scheme limited to 26%.

FIPB

FII purchases shall be restricted to secondary market only.

No foreign investor/entity, including persons acting in concert, will hold more than 5% of the equity in these companies.

19.

Construction

Development

projects, including

housing,

commercial

premises, resorts,

educational

institutions,

recreational

facilities, city

and regional

level infrastructure,

townships.

 

Note:: FDI is not allowed in Real Estate Business

100%

Automatic

Subject to conditions notified vide Press Note 2

(2005 Series) including:

a. minimum capitalization of US$ 10 million for

wholly owned subsidiaries and US$ 5 million for joint venture. The funds would have to be brought within six months of commencement of business of the Company.

b. Minimum area to be developed under each project- 10 hectares in case of development of serviced housing plots; and built-up area of 50,000 sq. mts. in case of construction development project; and any of the above in case of a combination project.

[Note 1:  For  investment  by NRIs,  the  conditions mentioned  in  Press Note 2 / 2005 are not applicable.

Note 2: For investment in SEZs, Hotels & Hospitals, conditions mentioned in Press Note 2(2005) are not applicable]

20.

Courier  services

for carrying packages, parcels and other items which do not come within the ambit of the Indian Post Office Act, 1898.

100%

FIPB

Subject to existing laws and exclusion of activity relating to distribution of letters, which is exclusively reserved for the State. www.indiapost.gov.in

21.

Credit Information Companies

 

49 % (FDI+FII)

Investment by Registered FII under PIS will be limited to 24% only in the CICs listed at the Stock Exchanges within the overall limit of 49% foreign investment.

FIPB

 

 

 

Foreign Investment in CIC will be subject to Credit Information Companies (Regulation) Act, 2005.

FII investment will be subject to the conditions that:

(a) No single entity should directly or indirectly hold more than 10% equity

(b) Any acquisition in excess of 1% will have to be reported to RBI as a reporting requirement; and

(c) FIIs investing in CICs shall not seek a representation on the Board of Directors based upon their shareholding.

 22.

Industrial Parks both setting up and in established Industrial Parks

100%

Automatic

Conditions in Press Note 2(2005) applicable for construction development projects would not apply provided the Industrial Parks meet with the under-mentioned conditions-

i. it would comprise of a minimum of 10 units and no single unit shall occupy more than 50% of the allocable area;

ii. the minimum percentage of the area to be allocated for industrial activity shall not be less than 66% of the total allocable area.

 23

Insurance

26%

Automatic

Subject to licensing by the Insurance Regulatory & Development Authority

www.irda.nic.in

 24.

Investing

companies  in

infrastructure /

services  sector

(except  telecom

sector)

100%

FIPB

Where there is a prescribed cap for foreign investment, only the direct investment will be considered for the prescribed cap and foreign investment in an investing company will not be set off against this cap provided the foreign direct investment in such investing company does not exceed 49% and the management of the investing company is with the Indian owners.

25.

Non  Banking  Finance  Companies

i)

 

 

ii)

 

 

 

 

iii)

 

 

 

iv)

 

 

v)

 

vi)

 

 

vii)

 

viii)

 

ix)

 

x)

 

 

xi)

 

 

xii)

 

 

xiii)

 

 

xiv)

 

xv)

 

 

xvi)

 

 

xvii)

 

 

xviii)

 

Merchant

Banking

 

Underwriting

Portfolio

Management

Services

 

Investment

Advisory

Services

 

Financial

Consultancy

 

Stock  Broking

 

Asset

Management

 

Venture  Capital

 

Custodial

Services

 

Factoring

 

Credit  Rating

Agencies

 

Financial Leasing & Hire Purchase

 

Finance

 

Housing

Finance

Forex  Broking

 

Credit card

Business

 

Money

changing

business

 

Micro  credit

 

Rural credit

100%

Automatic

Subject to:

a. minimum capitalization norms for fund based NBFCs - US$ 0.5 million to be brought upfront for FDI up to 51%;  US$ 5 million to be brought upfront for FDI above 51% and up to 75%; and US$ 50 million out of which US$ 7.5 million to be brought upfront and the balance in 24 months for FDI beyond 75% and up to 100%.

b. minimum capitalization norms for non-fund based NBFC activities- US$ 0.5 million.

c. foreign investors can set up 100% operating subsidiaries without the condition to disinvest a minimum of 25% of its equity to Indian entities subject to bringing in US$ 50 million without any restriction on number of operating subsidiaries without bringing additional capital.

d. joint venture operating NBFC's that have 75% or less than 75% foreign investment will also be allowed to set up subsidiaries for undertaking other NBFC activities subject to the subsidiaries also complying with the applicable minimum capital inflow.

e. compliance with the guidelines of the RBI.

f. The minimum capitalization norms would apply would be applicable where the  foreign holding in a NBFC(both direct and indirect)  exceeds the limits indicated at (a) above

g. The capital for the purpose of minimum capitalization norms shall consist of ordinary shares only.

26.

Petroleum  &  Natural  Gas  sector

 

a.

Refining

49% in

case  of

PSUs

100% in

case  of

Private

companies

 

FIPB

(in case of

PSUs)

 

Automatic

(in case of

private

companies)

Subject to Sectoral policy

www.petroleum.nic.in and no divestment or dilution of domestic equity in the existing PSUs.

b.

Other than

Refining and

including market

study and

formulation;

investment/

financing; setting

up infrastructure

for marketing in

Petroleum &

Natural Gas

sector.

100%

Automatic

Subject to sectoral regulations issued by Ministry of Petroleum & Natural Gas

www.petroleum.nic.in

27.

Print Media

a.

Publishing of

newspaper  and

periodicals

dealing with

news and current affairs

26%

FIPB

Subject to Guidelines notified by Ministry of Information & Broadcasting. www.mib.nic.in

b.

Publishing of

scientific

magazines/

specialty

journals/

periodicals

100%

FIPB

Subject to guidelines issued by Ministry of Information & Broadcasting. www.mib.nic.in

28.

Telecommunications

a.

Basic and

cellular, Unified

Access  Services,

National/

International

Long Distance,

V-Sat, Public

Mobile Radio

Trunked

Services

(PMRTS),

Global Mobile

Personal

Communications

Services

(GMPCS) and

other value

added telecom

services

 

74%

(Including

FDI, FII,

NRI,

FCCBs,

ADRs,

GDRs,

convertible

preference

shares, and

proportio-

nate

foreign

equity in

Indian

promoters/

Investing

Company)

Automatic

up to

49%.

 

 

FIPB

beyond

49%.

Subject to guidelines notified in the PN   3(2007)

b.

ISP with

gateways, radio-

paging, end-to-

end bandwidth.

74%

Automatic

up to 49%.

 

FIPB

beyond

49%.

Subject to licensing and security requirements notified by the Dept. of  Telecommunications.

www.dotindia.com

c.

(a) ISP without

gateway,

(b) infrastructure

provider

providing dark

fibre, right of way,duct space,tower (Category I);

(c) electronic

mail and voice

mail

100%

Automatic

up to 49%.

 

 

FIPB

beyond

49%.

Subject to the condition that such companies shall divest 26% of their equity in favour of Indian public in 5 years, if these companies are listed in other parts of the world. Also subject to licensing and security requirements, where required.

www.dotindia.com

d.

Manufacture of

telecom

equipments

100%

Automatic

Subject to sectoral requirements.

www.dotindia.com

29.

Trading

a.

 

 

 

b.

 

 

c.

 

 

 

 

 

 

d.

 

 

 

 

 

 

e.

Wholesale/cash

& carry trading

 

 

Trading for

exports

 

 

Trading of items

sourced from small scale sector

 

 

 

Test marketing

of such items for which a company has approval for manufacture

 

 

Single Brand

product retailing

 

100%

 

 

 

100%

 

 

100%

 

 

 

 

 

100%

 

 

 

 

 

 

 

51%

Automatic

 

 

 

Automatic

 

 

FIPB

 

 

 

 

 

FIPB

 

 

 

 

 

 

 

FIPB

 

 

 

 

 

 

 

Subject to the condition that the test marketing approval will be for a period of two years and I nvestment in setting up manufacturing facilities comomences simultaneously with test marketing.

 

 

 

 

 

 

 

 

 

 

Subject to guidelines for FDI in trading issued by Department of Industrial Policy & Promotion vide

Press Note 3 (2006 Series).

 

30.

Satellites  -

Establishment

and operation

74%

FIPB

Subject to Sectoral guidelines issued by Department of Space/ISRO

www.isro.org

31.

Special

Economic Zones

and Free Trade

Warehousing

Zones covering

setting up of these Zones and setting up units in the Zones

100%

 

Automatic

Subject to Special Economic Zones Act, 2005 and the Foreign Trade Policy.

www.sezindia.nic.in

 

 

 

 

 

 

 

 

 

 II.       In Sectors/Activities not listed above, FDI is permitted up to 100% on the automatic route subject to sectoral rules/ regulations applicable.

III.              Prior Government approval for FDI required in the following circumstances:

i)               where provisions of Press Note 1 (2005 Series) issued by the Government of India are attracted;

ii)              where more than 24% foreign equity is proposed to be inducted for manufacture of items reserved for the Small Scale sector.

Department of Industrial Policy & Promotion, Ministry of Commerce & Industry

New Delhi, 16th June, 2008

RJ/MRS

 

Topics

Acts Income Tax