The genesis of the problem lies in 2013. The government had, on November 1, 2013, blacklisted Cyprus as an investment destination through a notification.
Month: December 2016
Mauritius top source of FDI in India
The destination for Overseas Direct Investment (ODI) of Indian companies was largely Singapore, Mauritius, the Netherlands and the US.
Govt revises North East Industrial and Investment Promotion Policy
As per DIPP, all industrial units which commence production on or after 1, December 2014 and on or before 31, March 2017 as well as existing units which go in for substantial expansion and commence commercial production on or before March next year wil…
Vale agrees $2.5 billion sale of fertilizer business to Mosaic
Vale is disposing of assets to reduce leverage and help protect against lower iron ore and nickel prices, after posting a record $12.1 billion loss last year.
Russia says its ambassador to Turkey has died after being shot
“Today in Ankara as a result of an attack, the ambassador of the Russian Federation to Turkey, Andrey Gennadyevich Karlov, received a wound from which he died,” Zakharova said.
Cash crunch likely to end only by end February: SBI Research
At the end of February, 78-88 per cent of the notes could be back into the system under the best case scenario in terms of an optimal currency distribution, it added.
TRAI chief bats for low charges to promote digital payments
Urging financial institutions to emulate the telecom sector where average value of pre-paid digital recharge is Rs 10, is “financially sustainable”, Sharma said that charges levied on digital transactions should be based on ‘work done’ principle.
RBI to issue new Rs 500 note in new series with inset letter R
The new notes will bear the signature of Urjit R Patel, the incumbent RBI Governor, and the year of printing ‘2016’ printed on the reverse of the banknote.
Government dials into tech industry to help spread the word on cashless payments
National Association of Software and Services Companies will work with the government through Niti Aayog and ministries of information technology and telecom.
With digitisation, secure IT infrastructure critical for India Inc: TAC Security
Mitigating cyber security risks has emerged as a major challenge that follows demonetisation, given customers’ dependence on digital money.
