Foreign direct investment into India increased by 16.5% and other economy news

 

 

Foreign Direct InvestmentThe country’s first Nuclear Operator’s Liability Policy has been issued to Nuclear Power Corporation of India, underwritten by a consortium of Insurance Companies through the India Nuclear Insurance Pool.

Foreign direct investment (FDI) into India increased by 16.5% to USD2.46bn in March this year.

Indian IT companies would have to pay at least an additional USD4,000 for every H-1B visa application under the new regulations that came into effect last December.

The Central Board of Direct Taxes (CBDT) on Friday issued a series of clarifications for the roll out of the Foreign Account Tax Compliance Act (FACTA) and the Common Reporting Standards (CRS), based on its interaction with financial institutions.

The Centre is actively considering proposals of four public sector general insurance companies to be part of the Pradhan Mantri Fasal Bima Yojana (PMFBY) launched this year.

Mineral bearing states have collected penalty of the order of Rs11.71bn from illegal mining activities between 2012-13 and 2015-16 .

Curated from Foreign direct investment into India increased by 16.5% and other economy news

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