Thursday, August 21, 2014
Wednesday, August 20, 2014
---------- Forwarded message ----------
From: Prime Minister's Office <firstname.lastname@example.org>
Date: Fri, 15 Aug 2014 16:43:48 +0530 (IST)
Subject: PM’s Independence Day wishes. Calls for enhancing pride & prestige of the Tricolour
|If you are having trouble reading this email.View it in your mobile and web browser|
Tuesday, July 22, 2014
Acceptance of certificates/ qualifications awarded by various Boards of School Education in India for the purpose of employment on the railway
All Zonal Railways / Production Units
(As per standard mailing list)
Sub: Acceptance of certificates/ qualifications awarded by various Boards of School Education in India for the purpose of employment on the railways.
Ref: Letter No. E(NG)II/89/RR-1/17 dated 25/2/1991 (RBE No. 38/1991), E(NG)1'I/2001/RR-1/48 dated 23/5/2002 (RBE No. 71/2002), E(NG)II/2001/RR-1/52 dated 21/6/2002 (RBE No. 89/2002), E(NG)II/2003/RR-1/36 dated 03/12/2003 (RBE No. 205/2003) & 09/9/2010 (RBE No. 128/2010), E(NG)II/2008/RR-1/35 dated 30/4/2009 (RBE No.76/2009), 10/6/2009 (RBE No.102/2009) & 04/11/2013 (RBE No.118/2013), E(NG)II/2008/RR-1/40 dated 14/5/2009 (RBE No. 81/2009), E(NG)II/2004/RR-1/14 dated 04/4/2013 (RBE No. 31/2013), E(NG)II/2005/RR-1/6 dated 30/4/2013 (RBE No. 40/2013) and No. E(NG)II/2005/RR-1/14 dated 08/10/2013 (RBE No.104/2013),
References from various field units as well as federations seeking clarification regarding acceptance or otherwise of certificates/ qualifications obtained from various Boards of School Education in India for the purpose of employment in railways have been under consideration of this Ministry.
Clarification has been received from nodal Ministry/Department of Government of India, viz, Department of Personnel & Training (DOP&T) and M/o Human Resource Development (MHRD) stating that COBSE (Council of Board of School Education in India), an Association of National State School Boards, is responsible for verifying genuineness/ recognition of School Education Boards in India. It grants membership to Boards/ Institutes that are set up by an Act of Parliament or State Legislature or an executive order of the Central/ State Governments and follow National Curriculum Framework. The certificates issued by its member Boards are equivalent to any other board across the country. Accordingly, the matter has been examined and it has been decided by the Board that zonal railways need not approach this Ministry seeking such clarification regarding acceptance or otherwise of certificates/ qualification obtained from various Boards of School Education in India and instead, refer to official website of COBSE i.e. www.cgbse.org which contain list of Boards of School Education which are Member Boards of COBSE. Thus certificates/ qualification obtained from all such institutions borne on the aforesaid list will be acceptable for the purpose of employment on the railways, from the date on which the said institution has been accorded membership by COBSE, if they were not recognized earlier by any competent authority. This date of acceptability of certificate may be obtained by approaching COBSE directly and a copy of clarification thus obtained may also be endorsed to this Ministry for information & record.
Instructions contained in letters under reference will continue to be valid.
Please acknowledge receipt.
(Hindi version will follow)
The Department of Personnel and Training, Government of India has notified the posts allocated to Andhra Pradesh and Telangana States post bifurcation.
The DoPT released the regulations called the Indian Administrative Service (Fixation of cadre Strength) Fifth Amendment Regulations for publication in the Official Gazette as per the provisions in Section 76 of the Andhra Pradesh Reorganisation Act, 2014.
While the total authorised strength before the notification was 376, the total authorised strength for Andhra Pradesh is 211 and of which posts to be filled by direct recruitment are 147.
For Telangana, the total strength of posts is 163 and the posts to be filled by direct recruitment are 114.
The Andhra Pradesh IAS cadres posts include 115 posts under the State Government and 89 posts for Telangana, including the cadre posts of Chief Secretary, Additional Chief Secretary, principal secretary, secretary, Collectors and District Magistrate, Joint Collectors, Project Officers (ITDA, DRDA, CEO, ZP), Joint Commissioner, Deputy Commissioner, Commercial Taxes, Chief Rationing Officer, Directors and Additional/Joint/Deputy Secretaries to Government.
The other posts include Central deputation posts, State deputation reserve, training reserve, Leave reserve and junior posts reserve and posts to be filled by promotion under rule 8 of the IAS (Recruitment) rules, 1954.
The allocation of all India cadre officers, including IAS, IPS and IFS, will be made to both the successor States of Andhra Pradesh and Telangana after the Centre and the Prime Minister approve the guidelines of the Pratyush Sinha Committee.
Monday, July 21, 2014
General Administration Department – Attestation – Authentication / Attestation of Certificates / Documents for use in Foreign Countries – Sri N.Shankar, Joint Secretary to Govt.,(Genl.), General Administration Department nominated as regular Authorized Officer – Orders – Issued.
GENERAL ADMINISTRATION (OP.I) DEPARTMENT
Read the following:-
1. G.O.Rt.No.3019, G.A.(OP.I)Dept.,dt.19.05.2008.
2. G.O.Rt.No.3719, G.A.(OP.I) Dept.,dt.19.08.2013.
3.G.O..Ms..No.242, G.A.(SR) Dept., dt.01.06.2014.
4. G.O.Rt.No.23, Genl.Admn.(SC.F)Dept., dated 05.06.2014.
5. OO.Rt.No.31, Genl.Admn.(OP.I)Dept., dated 19.06.2014.
In the reference 1st read above, Sri N.V.Ramana Reddy,
Spl.Secretary to Government (Protocol), General Administration Department was nominated as Authentication Officer to Authenticate educational certificates and to attest other Certificates / Documents
issued by Boards /Councils/Universities the Executive Authorities/ Courts in the State of Andhra Pradesh for use in Foreign Countries as presented by the individuals.
2. In the reference 2nd read above, Sri W.Ganeshan,
Addl.Secretary to Government (Genl.), General Administration Department, was nominated as alternative Authorized Officer to Authenticate educational certificates and to attest other Certificates / Documents presented by the individuals.
3. In pursuance of the orders issued in the reference 3rd read above, orders have been issued in respect of certain employees of the cadre of State Secretariat, presently working in connection with affairs of the existing state of Andhra Pradesh, to serve provisionally on and from the 2nd day of June, 2014 in connection with affairs of the State of
Telangana until further orders. The officers Sri N.V.Ramana Reddy, IRPS, Spl.Secretary to Govt.,(Protocol) and Sri W.Ganeshan, Addl.Secretary to Government (Genl.), Genl.Admn.Dept., were allotted to Andhra Pradesh
4. In the reference 4th read above, Sri N.Shankar, has been
posted as Joint Secretary to Govt.(Genl.), in General Administration Department. He has been admitted to duty as Jt.Secy.to Govt.,(Genl.), in General Administration Department with effect from 09.06.2014 FN., in the
reference 5th read above.
5. In the circumstances explained above, Sri N.Shankar, Joint Secretary to Govt.(Genl.), General Administration Department shall appointed as regular Authorized Officer to authenticate educational certificates and to attest other Certificates / Documents issued by Boards /Councils/ Universities the Executive Authorities/ Courts in the State of Telangana for use in Foreign Countries as presented by the individuals.
6. Copy of this order is available on Internet and can be accessed at address http://www.telangana.gov.in/goir.
(BY ORDER AND IN THE NAME OF THE GOVERNOR OF TELANGANA) AJAY MISRA PRL.SECRETARY TO GOVERNMENT (POLL.)
Saturday, July 19, 2014
Thursday, July 17, 2014
From: prema Vighneswara Rao k <email@example.com>
Date: 2014-07-16 22:25 GMT+05:30
Subject: సివిల్ సర్వీసెస్ సిలబస్ పై యూపీఎస్ త్రిసభ్య సంఘ నియామకం
To: ITCSA ITCSA <firstname.lastname@example.org>
సర్, నమస్కారం. సివిల్ సర్వీసెస్ సిలబస్ పై స్పష్టత కోసం భారత ప్రభుత్వం త్రిసభ్య సంఘాన్ని నియమించింది. ఈ కమిటీకి మాజీ ఐఏఎస్ అధికారి అరవింద్ వర్మ(యూపీ కేడర్-1963వ బ్యాచ్ అధికారి) అధ్యక్షత వహిస్తున్నారు. తెలుగు మాధ్యమం అభ్యర్ధులు తమ అభ్యర్ధనలు ఆయన దృష్టికి తీసుకువెళ్లాలనుకుంటే కింది చిరునామా/మొబైల్/ఈమెయిల్ ద్వారా సంప్రదించవచ్చు. మరిచిపోవద్దు తెలుగులోనూ పరీక్షా పత్రం రూపొందించాలని అభ్యర్ధించడం.
Shri. Arvind Varma (ex-IAS)
NIKHIL PAVAN KALYAN
Exam: Civil Services Examination
2012 Batch- IAS (Cadre-Odisha)
Public Administration, Anthropology
Every dog has his day ....
Nikhil Pavan Kalyan secured ALL INDIA 60th rank in UPSC exam !!!
Sharing his thoughts...
There is no other way with which I could and should start writing this post, except with extending my greatest surprise and happiness for the overwhelming wishes I am getting. Thank you one and all !
My name, Nikhil Pavan Kalyan, literally means (out of the possible meanings), Universal Auspiciousness. I thought it is something that cannot be achieved by one person sitting in his room (or at his office desk) and preparing for just an examination (Yes, it is just an exam). But , I now believe it is possible, this result has almost created such an atmosphere, there is no way otherwise such pure and heartfelt wishes could be sent across by almost everyone I know , and many whom I know only indirectly (and vice-versa). Even if I take only the reasoning of the Hindu scriptures, that parents define the universe of a person, I am definitely successful in enabling truly universal auspiciousness.
I was, for the most part of my last five years, very confident I would possibly be selected for the services, but throughout this period, there are few friends and relatives who beleived, as much as I do, and at times, more than I do, this will happen. All they say is, I knew you would make it or You made it, I said it long back ! This had been, and will continue to surprise and thrill me. What they don’t know is how much strength their belief(s) gave me. I cannot simply say thank you! And I need not mention who they are, they know it, as much as I do.
Specifically for the preparation, discussions, doubt clarifications and for providing the much needed support, there were even fewer friends and seniors who immensely helped in framing my opinions and showed me the way, whenever it is necessary. It was indeed a gift , to be alongside these people. My knowledge and my selection is an accumulated consciousness from all of them. I continue to learn from this small section, my ‘elite’.
Contrary to some news that I didn’t have any coaching at all, I did take, apart from mocks and test series, some set of coaching classes, though very short. I have thoroughly enjoyed the discussions with the fellow students and teachers, and their contribution, like that of any other teacher, is invisble , yet forms a part of the foundation of my basic preparation methods and set of principles, for life and otherwise. I respect all of these eminaries for their long drawn service to the students.
Pic from my initial days of prep, six years back. I knew then , I am going to need it !
One set of people deserves equal levels of respect with all the above, my colleagues @ Adobe (the only name I am going to take, apart from my own). Everyday, I find one or the other (and more, often) enquiring about ‘where am I with my civils’, a next to family care I had. The biggest contributions of Adobe (viz, my immediate team and management) is to make myself good at time estimates , turning into time management , and the courage to ask questions (to any level) and to do mistakes, the same qualities needed even within an efficient IT team. I made terrible blunders initially, in trying parallel tracks for job and study, slowly finding the best possible mix . Thanks again to my management for bearing me through that period. To my conscience, I did justice to both my job and preparation, though there might have been scope for doing more. My likes n disklikes, hobbies and interests, all have the shade of Adobe in it. I am going to miss the definite luxury of IT and my favourite habits at Adobe, for the rest of my career.
There is no doubt, after seeing and hearing it on my own, that IAS is still the best possible career profile that is even more highly placed in our country. Yet, it finally boils down to clearing a set of question papers and an interview. While some see talent for an edge in this competetiveness, I see Planning and Passion.
While some see hardwork, patience and perseverance, I obtained change in personality and gained confidence through learning and sharing. While some see pride and prestige, I want love and friendship, and those who see me the same way like before, always. While some see inspiration, I share guidance with my learnings and take inspiration myself. While literally everyone else see a rank and achievement, I see peace, responsibility, providence and hope. I see my world.
After all the self-hype above, I would end with this quote from a telgu movie, and that’s exacly what is happening, and it’s my story. Till now.
gelupemundi ra, mahaa aithe prapamchaniki ninnu parichayam chestundi. Okkasari Oodipoyi chudu. Prapamcham ante ento neeku parichaymavutundi
Wednesday, July 16, 2014
Tuesday, June 24, 2014
A .P. (DIR Series) Circular No.146
June 19, 2014
All Authorised Persons
Export and Import of Currency:
Enhanced facilities for residents and non-residents
Attention of Authorised Persons is invited to Regulation (3) of Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2009, notified vide Notification No.FEMA.258/2013-RB dated February 15, 2013 and A.P. (DIR Series) Circular No. No. 39 dated September 6, 2013, in terms of which, any person resident in India may take outside India or having gone out of India on a temporary visit, may bring into India (other than to and from Nepal and Bhutan) currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs.10,000 (Rupees Ten Thousand only).
2. In view of the evolving economic conditions and with a view to facilitating travel requirements of residents travelling aboard as well as non-residents visiting India, it has been decided to allow all residents and non-residents (except citizens of Pakistan and Bangladesh and also other travellers coming from and going to Pakistan and Bangladesh) to take out Indian currency notes up to Rs. 25,000 while leaving the country. An announcement to this effect was made in the Second Bi-Monthly Monetary Policy Statement, 2014-15 released on June 3, 2014.
3. Accordingly, any person resident in India:
i) may take outside India (other than to Nepal and Bhutan) currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs.25,000 (Rupees twenty five thousand only); and
ii) who had gone out of India on a temporary visit, may bring into India at the time of his return from any place outside India (other than from Nepal and Bhutan), currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs.25,000 (Rupees twenty five thousand only).
4. Any person resident outside India, not being a citizen of Pakistan and Bangladesh and also not a traveller coming from and going to Pakistan and Bangladesh, and visiting India:
i) may take outside India currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs. 25,000 (Rupees twenty five thousand only) while exiting only through an airport.
ii) may bring into India currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs. 25,000 (Rupees twenty five thousand only) while entering only through an airport.
5. Authorised Persons may bring the contents of this circular to the notice of their constituents, customers and foreign counter parties concerned.
6. Necessary amendments [No. FEMA. 309/2014-RB dated June 4, 2014] to Foreign Exchange Management (Export and Import of Currency) Regulations 2000 (Notification No.FEMA.6/2000-RB dated May 3, 2000) have been notified in the Official Gazette vide G.S.R. Nos. 399(E) dated June 12, 2014, a copy of which is annexed.
7. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.
(C D Srinivasan)
Chief General Manager
Tuesday, June 17, 2014
|Venue of Written Test & Interview on||Atomic Energy Central School-2,|
|Registration||From 8.30 A.M. to 10.00 A.M.|
|Date & Time of Written Test (50 Marks)||21.06.2014…11.00 AM|
|Mode of Selection||Interview for the short listed candidates who are successful in written examination, 02.00 P.M.onwards|
Monday, June 16, 2014
Sunday, June 15, 2014
As many as 1,122 candidates have been recommended for appointment in Indian Administrative Service (IAS), Indian Foreign Service (IFS), Indian Police Service (IPS) and other central services on the basis of the Civil Services Examination, 2013, said a release issued by the Ministry of Personnel.This is the highest intake of civil servants through this examination, nearly double the 580 civil servants recruited in 2009. An additional 210 candidates have been placed in the reserve list.
There are 15 males and 10 females in top 25 positions. Among the top 25 candidates, 24 took the examination in English and one in Kannada medium.
In terms of educational qualifications, engineering and medical graduates dominated the top 25 positions, with 9 from engineering background, 3 from medical sciences, 4 from the sciences and 9 belonging to commerce, humanities and other social sciences background.
Of the 1,122 candidates whose names have been recommended for appointment to IAS, IFS, IPS and other central services, 861 are men and 261 women. The list includes 15 orthopaedically-challenged, 7 visually challenged and 8 hearing impaired candidates.
An analysis of the 25 top-ranking candidates confirms that male candidates have an edge, with 15 of them having cracked the civil services, the 10 women in the list show that the fairer sex is not too far behind. While 5 of the 25 toppers made to the merit list in their first attempt, 11 shone in their second attempt, 7 in third and 2 in the fourth attempt..
The result also showcases the pan-India distribution of successful candidates. Among the top 25, there are candidates claiming domicile from as many as 11 states or union territories: Bihar, Delhi, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Uttar Pradesh, it said.
Of these, 20 appeared for the examination from Delhi; two from Jaipur and one each from Lucknow, Bangalore and Chandigarh centres.
While 517 candidates have cleared the examination in the general category, 326 belong to Other Backward Classes, 187 Scheduled Caste and 92 Scheduled Tribe categories.
As many as 180 candidates have made it to the highly-coveted IAS, while 32 to Indian Foreign Services and 150 to Indian Police Service. The maximum (710) number of candidates has been selected for Central Services Group 'A' and the rest (156) to Group 'B' Services.
The civil services (preliminary) examination was held on May 26, 2013. A total of 776,565 candidates applied for this examination, out of which 323,949 candidates actually appeared and 14,959 candidates were declared qualified for appearance in the mains examination.
The mains exam was held in December, 2013 and based on their performance, 3,003 candidates were shortlisted for the personality test which was conducted in April-June.
1st Rank :
For the first time in four years, a male candidate has topped the prestigious civil services examination 2013
Jaipur's Gaurav Agrawal has got the first rank in the exam with Economics as his optional subject. He holds Bachelor of Technology (Computer Science) degree from Indian Institute of Technology (IIT), Kanpur and a Post Graduate Diploma in Management from Indian Institute of Management (IIM) Lucknow.This was his second attempt.
Agrawal, selected for IPS in his first attempt at Civil Services Examination, is currently undergoing training at the Sardar Vallabbhai National Police Academy in Hyderabad. He appeared for the exam from Jaipur.
Agrawal, who earlier worked as an investment banker with Citigroup in Hong Kong, credited his family and his near and dear ones for his success. "I used to study for 10-12 hours for my last exams. For 2013 Civil Services, I studied for about 6-8 hours," he was quoted by PTI as saying.
A strong believer in hard work, he chose history and economics as optional subjects last year though he had no background of history. This year his optional was economics.
"I had interest in studies from the beginning. I always loved reading and writing," Gaurav said. He, however, admitted that he had slipped after making it to IIT. "I had failed and my degree had to be extended. This was a lesson for me. I then started focusing on studies," he said.
Gaurav has a message for youngsters: "One should identify one's weaknesses and overcome them because there is a general tendency to negate the shortcomings. We should continuously think of improving."
He also wants students not to become arrogant on small achievements. "We should strive for our ultimate goal. Hard work is the only way. The results will come automatically," he said.
2nd Rank :
The second rank has gone to Munish Sharma, a BSc in bio-chemistry from Sri Venkateswara College,New Delhi. He got through the exam in second attempt.Second-rank holder Munish Sharma, when contacted by TOI, said he was indebted to his mother for her "single-handed effort" in supporting his dreams. Sharma lost his father when he was in Class XII.
Topper among female candidates :
Bharti Dixit is the topper among female candidates. She has secured fifth rank. She has done Bachelor of Medicine and Bachelor of Surgery (MBBS) from Lady Hardinge Medical College, Delhi. This was her first attempt.Having cracked the exam in her very first attempt, Dixit said she relied on government websites and newspapers more than prepared study material. "I was already working as a doctor... so I could just manage four to six hours a day of preparation," she said, adding that she hoped to apply her knowledge of medicine to addressing the needs of the health sector.
Tuesday, June 3, 2014
Foreign direct investment (FDI) is a direct investment into production or business in a country by an individual or company of another country, either by buying a company in the target country or by expanding operations of an existing business in that country. Foreign direct investment is in contrast to portfolio investment which is a passive investment in the securities of another country such as stocks and bonds.
Broadly, foreign direct investment includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations and intra company loans". In a narrow sense, foreign direct investment refers just to building new facilities. The numerical FDI figures based on varied definitions are not easily comparable.
As a part of the national accounts of a country, and in regard to the GDP equation Y=C+I+G+(X-M)[Consumption + gross Investment + Government spending +(eXports - iMports], where I is domestic investment plus foreign investment, FDI is defined as the net inflows of investment (inflow minus outflow) to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, other long-term capital, and short-term capital as shown the balance of payments. FDI usually involves participation in management, joint-venture, transfer of technology and expertise. There are two types of FDI: inward and outward, resulting in a net FDI inflow (positive or negative) and "stock of foreign direct investment", which is the cumulative number for a given period. Direct investment excludes investment through purchase of shares. FDI is one example of international factor movements
1. Horizontal FDI arises when a firm duplicates its home country-based activities at the same value chain stage in a host country through FDI.
2. Platform FDI Foreign direct investment from a source country into a destination country for the purpose of exporting to a third country.
3. Vertical FDI takes place when a firm through FDI moves upstream or downstream in different value chains i.e., when firms perform value-adding activities stage by stage in a vertical fashion in a host country.
The foreign direct investor may acquire voting power of an enterprise in an economy through any of the following methods:
· by incorporating a wholly owned subsidiary or company anywhere
· by acquiring shares in an associated enterprise
· through a merger or an acquisition of an unrelated enterprise
· participating in an equity joint venture with another investor or enterprise.
Forms of FDI incentives:
Foreign direct investment incentives may take the following forms:
· low corporate tax and individual income tax rates
· tax holidays
· other types of tax concessions
· preferential tariffs
· special economic zones
· EPZ – Export Processing Zones
· Bonded warehouses
· investment financial subsidies
· soft loan or loan guarantees
· free land or land subsidies
· relocation & expatriation
· infrastructure subsidies
· R&D support
· derogation from regulations (usually for very large projects)
Governmental Investment Promotion Agencies (IPAs) use various marketing strategies inspired by the private sector to try and attract inward FDI, including Diaspora marketing.
· by excluding the internal investment to get a profited downstream.
Importance and Barriers of FDI:
The rapid growth of world population since 1950 has occurred mostly in developing countries. This growth has been matched by more rapid increases in gross domestic product, and thus income per capita has increased in most countries around the world since 1950. While the quality of the data from 1950 may be of question, taking the average across a range of estimates confirms this. Only war-torn and countries with other serious external problems, such as Haiti, Somalia, and Niger have not registered substantial increases in GDP per capita. The data available to confirm this are freely available.
An increase in FDI may be associated with improved economic growth due to the influx of capital and increased tax revenues for the host country. Host countries often try to channel FDI investment into new infrastructure and other projects to boost development. Greater competition from new companies can lead to productivity gains and greater efficiency in the host country and it has been suggested that the application of a foreign entity’s policies to a domestic subsidiary may improve corporate governance standards. Furthermore, foreign investment can result in the transfer of soft skills through training and job creation, the availability of more advanced technology for the domestic market and access to research and development resources. The local population may be able to benefit from the employment opportunities created by new businesses.
Developing world :
A 2010 meta-analysis of the effects of foreign direct investment on local firms in developing and transition countries suggests that foreign investment robustly increases local productivity growth. The Commitment to Development Index ranks the "development-friendliness" of rich country investment policies.
FDI in China, also known as RFDI (renminbi foreign direct investment), has increased considerably in the last decade, reaching $59.1 billion in the first six months of 2012, making China the largest recipient of foreign direct investment and topping the United States which had $57.4 billion of FDI. During the global financial crisis FDI fell by over one-third in 2009 but rebounded in 2010.
Foreign investment was introduced in 1991 under Foreign Exchange Management Act (FEMA), driven by then finance minister Manmohan Singh. As Singh subsequently became the prime minister, this has been one of his top political problems, even in the current times. India disallowed overseas corporate bodies (OCB) to invest in India. India imposes cap on equity holding by foreign investors in various sectors, current FDI limit in aviation sector is maximum 49%.
Starting from a baseline of less than $1 billion in 1990, a 2012 UNCTAD survey projected India as the second most important FDI destination (after China) for transnational corporations during 2010–2012. As per the data, the sectors that attracted higher inflows were services, telecommunication, construction activities and computer software and hardware. Mauritius, Singapore, US and UK were among the leading sources of FDI. Based on UNCTAD data FDI flows were $10.4 billion, a drop of 43% from the first half of the last year.
United States :
Broadly speaking, the U.S. has a fundamentally 'open economy' and low barriers to foreign direct investment.
U.S. FDI totaled $194 billion in 2010. 84% of FDI in the U.S. in 2010 came from or through eight countries: Switzerland, the United Kingdom, Japan, France, Germany, Luxembourg, the Netherlands, and Canada. A 2008 study by the Federal Reserve Bank of San Francisco indicated that foreigners hold greater shares of their investment portfolios in the United States if their own countries have less developed financial markets, an effect whose magnitude decreases with income per capita. Countries with fewer capital controls and greater trade with the United States also invest more in U.S. equity and bond markets.
White House data reported in July 1991 found that a total of 5.7 million workers were employed at facilities highly dependent on foreign direct investors. Thus, about 13% of the American manufacturing workforce depended on such investments. The average pay of said jobs was found as around $70,000 per worker, over 30% higher than the average pay across the entire U.S. workforce.
President Barack Obama said in 2012, "In a global economy, the United States faces increasing competition for the jobs and industries of the future. Taking steps to ensure that we remain the destination of choice for investors around the world will help us win that competition and bring prosperity to our people."
In September 2013, the United States House of Representatives voted to pass the Global Investment in American Jobs Act of 2013 (H.R. 2052; 113th Congress), a bill which would direct the United States Department of Commerce to "conduct a review of the global competitiveness of the United States in attracting foreign direct investment."Supporters of the bill argued that increased foreign direct investment would help job creation in the United States.
Foreign direct investment by country and by industry are tracked by Statistics Canada. Foreign direct investment accounted for CAD$634bn in 2012. Canada eclipses the US in this important economic measure. Global FDI inflows and outflows are tabulated by Statistics Canada.
United Kingdom :
The United Kingdom has a very free market economy and open to foreign investment. The current Prime Minister David Cameron has sought investment from emerging markets and from the Far East in particular and some of Britain's largest infrastructure including energy and skyscrapers such as The Shard have been built with foreign investment. The United Kingdom has been a nation of free trade and open to global markets and investment for decades often taking advantage of countries looking to make investments.
FOREIGN DIRECT INVESTMENT IN INDIA
Forms in which Business can be conducted by a Foreign Company in India:
A foreign company planning to set up business operations in India may:
· Incorporate a company under the Companies Act, 1956, as a Joint Venture or a Wholly Owned Subsidiary.
· Set up a Liaison Office / Representative Office or a Project Office or a Branch Office of the foreign company which can undertake activities permitted under the Foreign Exchange Management (Establishment in India of Branch Office or Other Place of Business) Regulations, 2000.
Procedure for receiving Foreign Direct Investment in an Indian Company:
An Indian company may receive Foreign Direct Investment under the two routes as given under:
i. Automatic Route: FDI is allowed under the automatic route without prior approval either of the Government or the Reserve Bank of India in all activities/sectors as specified in the consolidated FDI Policy, issued by the Government of India from time to time.
ii. Government Route: FDI in activities not covered under the automatic route requires prior approval of the Government which are considered by the Foreign Investment Promotion Board (FIPB), Department of Economic Affairs, Ministry of Finance. Application can be made in Form FC-IL, which can be downloaded from http://www.dipp.gov.in. Plain paper applications carrying all relevant details are also accepted. No fee is payable.
Sectors where FDI is not allowed in India, both under the Automatic Route as well as under the Government Route:
FDI is prohibited under the Government Route as well as the Automatic Route in the following sectors:
i) Atomic Energy ii) Lottery Business iii) Gambling and Betting iv) Business of Chit Fund v) Nidhi Company vi) Agricultural (excluding Floriculture, Horticulture, Development of seeds, Animal Husbandry, Pisciculture and cultivation of vegetables, mushrooms, etc. under controlled conditions and services related to agro and allied sectors) and Plantations activities (other than Tea Plantations) (c.f. Notification No. FEMA 94/2003-RB dated June 18, 2003). vii) Housing and Real Estate business (except development of townships, construction of residential/commercial premises, roads or bridges to the extent specified in Notification No. FEMA 136/2005-RB dated July 19, 2005). viii) Trading in Transferable Development Rights (TDRs). ix) Manufacture of cigars , cheroots, cigarillos and cigarettes , of tobacco or of tobacco substitutes.
Read more at: http://www.mbaclubindia.com/articles/foreign-direct-investment-2603.asp#.U415p3YkTZk