Top News 9 train south cross subsidies can not start January 18 hours ago Two animated characters I

Wednesday, July 17, 2013 11:13 pm | 1,086 Views
New Delhi (ANTARA News) - The Indian cabinet minister on Tuesday night, completing a plan to remove barriers to foreign investment in the telecommunications sector and loosen foreign ownership rules in the various sectors in order to encourage new economic reforms. The move is intended to attract investors and economic struggle mall jobs before the scandal tainted government ahead of elections scheduled for May 2014, "We mall jobs hope more foreign direct investment flowing with this decision," Commerce Minister Anand Sharma said in a news conference Tuesday night, as the AFP reported. The government is trying to rebuild confidence in the economy growing at the slowest pace in a decade in the top five percent and increase the rupee which has reached its lowest point during this series in recent weeks. Among these measures, the ministers at a meeting chaired by Manmohan mall jobs Singh agreed to increase the ceiling on foreign direct investment (FDI) in the telecom field by 100 percent from 74 percent. They also decided to remove the need for government approval of foreign investment level in single brand retail and petroleum refining. In the field of insurance, it was agreed to raise the FDI limit from 26 percent mall jobs to 49 percent. mall jobs But in the defense sector, the FDI limit will remain at 26 percent mall jobs with the proposal beyond mall jobs that is considered on a case by case basis. The announcement came after Finance Minister P Chidambaram visited the United mall jobs States for the second time in three months to convince foreign companies that India remains a friendly place to invest. "We welcome the move and it was pointed out that the ongoing reforms," said the leader of the Federation of Chambers of Commerce and Industry Naina Lal Kidwai. FDI in India - seen as crucial to improve infrastructure and boost manufacturing to employ young population growing to 22.4 billion dollars last year from 36.5 billion a year earlier, government data showed. Underscoring the foreign investor unhappiness with India, South Korean steel giant Posco to cancel an investment plan worth 5.3 billion dollars agreed to build a steel plant in the southern state of Karnataka due to delays in land acquisition and rejection mall jobs of local residents. Economists say India needs foreign investment to spur growth and also to cover the current account deficit that extends alarming global credit rating agencies. To increase investment mall jobs attractiveness of India, economists said the government should reduce burdensome state bureaucracy, speed up project approvals is slowing and suppress corruption. Last year, the government opened the supermarket, civil aviation and broadcasting sectors to expand foreign investment. Translators: pillars mall jobs of the holy Suryatie
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