General Awareness Updates – September 2011
Economy / Business:
Top 5 countries for FDI inflow into India
Amount in crore (U.S.
Rank | Country | 2010-11 (April-March) | Cumulative Inflows (April’00 - April’11) | %age of total Inflows (April’00 - April’11) (in terms of |
1 | 31,855 (6,987) | 247,092 (55,203) | 42% | |
2 | 7,730 (1,705) | 58,090 (13,070) | 10% | |
3 | 5,353 (1,170) | 42,898 (9,529) | 7% | |
4 | 3,434 (755) | 29,451 (6,643) | 5% | |
5 | 5,501 (1,213) | 25,799 (5,739) | 4% |
Sectors Attracting Highest FDI Equity Inflow
Amount in crore (U.S.
Rank | Sector | Cumulative Inflow (April’00 - April’11) | %age to total inflows (in terms of |
1 | Services Sector (financial & non-financial) | 123,706 (27,668) | 21% |
2 | Computer Software & Hardware | 48,135 (10,821) | 8% |
3 | Telecommunications (radio paging, cellumar mobile, basic telephone services) | 48,313 (10,611) | 8% |
4 | Housing & Real Estate | 43,288 (9,655) | 7% |
5 | Construction Activities (including roads & highways) | 42,160 (9,491) | 7% |
Foreign Direct Investment
FDI is prohibited in
(a) Retail Trading (except single brand product retailing);
(b) Lottery Business including Government / private lottery, online lotteries;
(c) Gambling and Betting including casinos;
(d) Business of chit fund;
(e) Nidhi company;
(f) Trading in Transferable Development Rights (TDRs);
(g) Real Estate Business or Construction of Farm Houses;
(h) Manufacturing of Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes; and
(i) Activities / sectors not opened to private sector investment including Atomic Energy and Railway Transport (other than Mass Rapid Transport Systems).
Sector | % of FDI Cap / Equity |
Agriculture & Animal Husbandry Floriculture, Pisciculture, Aquaculture, Tea Plantation | 100 |
Mining | 100 |
Defence | 26 |
Airports ( | 100 |
Banking – Private Sector Public Sector | 49 through automatic route 74 via Govt. approval 20 (both FDI & FII) |
Broadcasting - Terrestrial FM - Cable Network - Direct-to-Home | 20 49 (incl FDI, FII, & NRI) 49 (incl FDI, FII, & NRI) |
Commodity Exchange | 49 (includes 23% for FII) |
Real Estate (Townships, Housing) | 100 |
Credit Information Companies | 49 (both FDI & FII) |
Industrial Parks | 100 |
Insurance | 26 |
Non-Banking Finance Companies (NBFC) | 100 |
Petroleum & Gas Sector (exploring & refining) - by private sector companies - by public sector companies | 100 49 |
Print Media - Current Affairs & News - Scientific & Technical journals - Facsimile edition of foreign newspapers | 26 100 100 |
Satellites - Establishment & operation | 74 |
Telecommunication – Telecom Services Internet Service Providers (ISPs) | 49 through automatic route 74 via Govt. approval 49 through automatic route 74 via Govt. approval |
Trading - Wholesale cash & carry - Single Brand Retail | 100 51 |
Top Ten Global M&A deals in Jan-Aug ’11
Rank Acquirer Target Deal Value (in U.S.$ bn)
1 J&J....................................... Synthes............................................. 21.3
2 Sanofi................................... Genzyme........................................... 20.1
3 Takeda................................. Nycomed......................................... 13.68
4 Teya..................................... Cephalon............................................. 6.8
5 Danaher................................ Beckman Coulter.................................. 6.8
6 Dupont.................................. Danisco............................................... 6.3
7 Kinetic.................................. Various............................................... 6.3
8 Thermo Fisher....................... Phadia................................................ 3.5
9 Ashland
10 Endo American Medical 2.9
Deutsche Bank has appointed Anshu Jain (right) as the co-CEO to succeed Chairman Josef Ackermann, who leaves office in May next year.Mr Jain, 48, the head of Deutsche Bank’s highly successful investment banking division based in London , will take over the leadership of Germany
The Deputy Chief Minister of Bihar and BJP leader Sushil Kumar Modi has been elected chairman of the Empowered Committee of State Finance Ministers on GST (Goods and Service Tax). He is also the finance minister of Bihar . Incidentally the roll-out of the GST regime has been delayed mainly due to opposition by BJP-ruled states like Madhya Pradesh, Gujarat , Himachal Pradesh, and Chhattisgarh.
M. C. Joshi is the new Chairman of the Central Board of Direct taxes (CBDT), succeeding Prakash Chandra.
Ending months of suspense, the Central Government gave a two-year extension to RBI Governor
D. Subbarao beyond September. The 61-year-old IAS officer and veteran Finance Ministry official was appointed the 22nd Governor of the RBI in September, 2008, for a three-year term.
D. Subbarao beyond September. The 61-year-old IAS officer and veteran Finance Ministry official was appointed the 22nd Governor of the RBI in September, 2008, for a three-year term.
The continuity of Mr Subbarao at the helm of the RBI assumes significance as it comes at a time when the government and the central bank are gearing up to meet the challenge posed by downgrade of the U.S. sovereign rating and the economic crisis in several eurozone nations. He has successfully steered the country through the 2008 economic crisis.
Telecom Italia, Italy
Foreign direct investment (FDI) in India may cross U.S.$35 billion in 2011-12 as against U.S.$19.4 billion in the last fiscal, on account of major deals like RIL-BP and Posco.
Foreign investors are confident of India India India
In May, the Environment Ministry had given conditional approval to South Korean steel giant Posco’s U.S.$12 billion steel plant in Orissa, the country’s biggest single FDI project. The company is negotiating terms and conditions with the Orissa government.
In May and June, foreign direct investment in the country jumped 111 per cent and 310 per cent, respectively, to U.S.$4.66 billion and U.S.$5.65 billion, respectively. In the April-June period of the current fiscal, FDI went up by a massive 133 per cent to U.S.$13.44 billion from U.S.$5.77 billion in the corresponding period last year. However, in 2010-11, FDI into India
FDI into India saw a whopping 310 per cent increase in June to U.S.$5.65 billion, the highest monthly inflow in the last 11 financial years, indicating the revival of investor confidence in the Indian economy. In June, 2010, FDI inflows into the country amounted to U.S.$1.38 billion.
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