FDI inflows record first decline in six years in FY19 : Bulletin: Business Today
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FDI inflows record first decline in six years in FY19

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May 29, 2019

MP gears up for rehab of people if mega dam fills to capacity

Anticipating that the Sardar Sarovar Dam in Gujarat would be filled to 138.68 metre full reservoir level (FRL) in case of bountiful rains, the Madhya Pradesh government Tuesday began taking steps to ensure safety of the people likely to affected due to it in the state.

Maha milk cooperatives told to submit plastic recycling plan

Maharashtra Environment Minister Ramdas Kadam Tuesday asked milk cooperatives to submit in 15 days a proposal regarding collection, buyback and recycling of plastic pouches used to package milk.If they fail to submit the proposal in the stipulated time, action would be taken against them under the law dealing with plastic ban violation, he warned.

GST Council sets up 2 sub-groups to examine legal, technical aspects of e-invoice for B2B sales

The GST Council has set up two sub-groups to look into the policy and technical aspects, such as turnover threshold and mode of generation, for e-invoice generation by businesses. While one sub-group will examine the business process, policy and legal aspects for generation of e-invoice, the other will recommend technical aspects for its roll-out.

FDI inflows record first decline in six years in FY19

Foreign direct investment (FDI) in India declined for the first time in the last six years in 2018-19, falling by 1 per cent to $44.37 billion as overseas fund inflows subsided in telecom, pharma and other sectors, official data showed.
According to the data, FDI inflows in telecommunication, construction development, pharmaceuticals and power sectors declined significantly in 2018-19.

Govt sets annual target for digital transactions at 40 billion

Despite missing its target for digital payments for two consecutive years, the government has optimistically set a target of 40 billion e-transactions for FY20. That's a jump of 33 per cent over last year's target of 30 billion, which was reportedly missed by about 4 billion.

Indian film industry spent Rs 606 crore in 2018 on marketing: Report

The movie business in India has seen tremendous growth in 2018 resulting in Indian filmmakers and studios spending as much as Rs 606 crore on film marketing campaigns alone, last year. This was done in order to create pre-release hype and to bring more movie-goers to cinema screens, as per Showbiz 2.0, which is the second edition of the annual entertainment report of ESP Properties, a division of GroupM.

MCA prepares list of economic offenders; asks IB to not allow them to flee

In an attempt to step up proactive vigilance and put a check on wilful defaulters-turned-wannabe fugitives, the Ministry of Corporate Affairs (MCA) has reportedly issued a look-out circular (LOC) with the names of over 20 people suspected of economic offences. The MCA has even requested help from the Intelligence Bureau (IB) to ensure that the names on the list aren't able to flee the country.

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