New Delhi [India], November 3 (ANI): Abu Dhabi's Sovereign Wealth Fund (SWF) -- MIC Redwood 1 RSC Limited -- became the first foreign SWF to be notified and granted 100 per cent income tax exemption for long term investments to be made in specified priority sectors, the Union Finance Ministr
New Delhi [India], May 29 (ANI): Union Commerce and Industry Minister Piyush Goyal on Thursday said that the total Foreign Direct Investment (FDI) into India grew at 18 per cent in 2019-20 to reach USD 73 billion and asserted that this long-term investment will spur job creation.
Mumbai (Maharashtra) [India], Oct 06 (ANI): The Reserve Bank of India, alongside the announcement of the bi-monthly monetary policy statement, proposed the introduction of a Voluntary Retention Route (VRR) to encourage Foreign Portfolio Investors (FPIs) willing to undertake long-term investm
New Delhi [India], Feb 6 (ANI): Clarifying the remark on long-term investment involving no effort, which was mislead by a leading daily newspaper, Finance Secretary Hasmukh Adhia on Tuesday said that he was misquoted over his statement on government's rationale.
New Delhi [India], Feb 5 (ANI): Amid controversy over Finance Secretary Hasmukh Adhia's statement on long-term investment involving no effort, the Ministry of Finance clarified that the top bureaucrat had been misquoted.