Govt to attract $100 bn FDI in next two years: Suresh Prabhu : Bulletin: Business Today
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Govt to attract $100 bn FDI in next two years: Suresh Prabhu

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March 11, 2019

Lok Sabha election dates announced: What exactly is the Model Code of Conduct?

The Election Commission of India has declared the schedule for 2019's Lok Sabha elections, which will be held in seven phases from April 11 to May 19 and votes will be counting on May 23. Sunil Arora, Chief Election Commissioner announced the imposition of 'Model Code of Conduct' (MCC) with immediate effect from yesterday. He also asked all political parties to strictly adhere with the MCC.
The MCC comes into effect from the day the election schedule is declared and stays into effect until the results are out.

No Assembly elections in Jammu and Kashmir now, only Parliamentary polls: CEC Sunil Arora

Elections for the Jammu and Kashmir assembly, which was dissolved after the BJP withdrew support to the PDP government led by Mehbooba Mufti, would not be conducted along with the Lok Sabha elections 2019, the Chief Election Commisisoner Sunil Arora announced on Sunday. The state has been under President's rule following expiry of six months of Governor's rule in December. The 87-member state assembly plunged into a political crisis after the Bharatiya Janata Party (BJP) withdrew support to the PDP government led by Mehbooba Mufti in June last year.

DGCA to seek information on Boeing's 737 MAX planes from Indian carriers post Ethiopian crash

Aviation regulator DGCA will seek information from Boeing as well as Jet Airways and SpiceJet operating Boeing 737 MAX aircraft in the wake of a plane crash in Ethiopia, according to a senior official.
As many as 149 passengers, including Indians, were killed when a Boeing 737 MAX plane operated by Ethiopian Airlines crashed soon after taking off from Addis Ababa.

DLF plans to raise Rs 3,000 crore through QIP

Aiming to become a debt-free company, DLF had last year announced plans to issue up to 17.3 crore shares through qualified institutional placement (QIP) to raise funds and pre-pay loans. The QIP proceeds and further infusion of Rs 2,500 crore from promoters against the issue of warrants would help the company in significantly reducing the debt that stood at around Rs 7,200 crore as on December 31, 2018, he said.

Govt has set target of attracting $100 billion FDI in next two years, says Suresh Prabhu

Commerce and Industry minister  Suresh Prabhu said on Saturday that the government has set a target of attracting USD 100 billion in foreign direct investments over the next two years. Boosted by the USD 16-billion Walmart-Flipkart deal last August, which is the biggest-ever foreign fund inflow into the country -- 2018 saw the country for the first time in two decades overtaking China with USD 38 billion in inbound FDI deals compared to China's USD 32 billion.

Nirav Modi's case found 'fit for extradition', file moved to London court; may be arrested soon

The UK Home Secretary's office moved the extradition file of fugitive diamond merchant  Nirav Modi to the Westminster Court in London two days back on March 7, finding his case "fit for extradition". His extradition case will now be further evaluated by the court, which might issue a provisional arrest warrant against Nirav Modi soon. However, strict civilian laws in the UK might allow him to get bail instantly.

Over 90,000 auto-rickshaw drivers to benefit as AAP govt approves hike in auto fares ahead of LS polls

To woo 90,000-odd auto-rickshaw drivers in Delhi ahead of the Lok Sabha election,  the AAP governmentFriday approved a hike of Rs 1.50 per km in auto fares. The government has also approved another recommendation of the fare revision committee on the base fare. The meter-down charge of Rs 25 for first two kilometres has been revised to Rs 25 for 1.5 kilometres, said Transport Minister Kailash Gahlot.

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