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Wednesday
June 2019
1:20 PM IST
News Headlines
Mobile phones, tobacco products seized in raid at Kannur Central Jail        Govt will not support idea of bifurcating Malappuram district : Minister        Jaishankar files nomination papers for Rajya Sabha poll        Only one family was spoken about and got all attention, says Modi        New British PM to be announced on July 23 By Aditi Khanna        Iran says ''idiotic'' new US sanctions shut doors of diplomacy        Australia outclass England by 64 runs on way to semifinals        Windies legend Lara hospitalised due to chest pain, could be discharged soon        Shakib's magnificent 5-wicket haul steers Bangladesh to 62 run win against Afghanistan        Argentina, Uruguay, Peru through to Copa America quarter-finals        US-Iran fears buoy oil prices as focus turns to Trump-Xi talks        Rupee opened flat at 69.58 vs USD in early trade        UK falling behind in race to engage with India, warns UK Parliament inquiry        Australian Islamic State orphans rescued from Syria camp        Death toll from building collapse in Cambodia rises to 24        BJP fields Jaishankar for Gujarat RS seat after he formally joins party        There is culture of disrespecting expertise under the BJP: Cong        BSP to contest all future polls on its own: Mayawati        RBI Deputy Governor Viral Acharya quits 6 months before his term ends        BJD MLA arrested for forcing engineer to do sit-ups        
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Business News
FDI inflows record 1st decline in six years in FY19
 
New Delhi: 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 USD 44.37 billion as overseas fund inflows subsided in telecom, pharma and other sectors, official data showed.

According to the latest data of the Department for Promotion of Industry and Internal Trade (DPIIT), FDI in 2017-18 was a record USD 44.85 billion.

Last time it was in 2012-13 when foreign inflows had registered a contraction of 36 per cent to USD 22.42 billion compared to USD 35.12 billion in 2011-12.

Since 2012-13, the inflows had been continuously growing and reached a record high in 2017-18.

According to the data, FDI inflows in telecommunication, construction development, pharmaceuticals and power sectors declined significantly in 2018-19.

Foreign direct investment in telecommunication dropped to USD 2.67 billion in 2018-19 from USD 6.21 billion in 2017-18, in construction development to USD 213 million (USD 540 million), in pharmaceuticals to USD 266 million (USD 1 billion) and in the power sector to USD 1.1 billion (USD 1.62 billion).

Sectors that recorded a growth in FDI includes services (USD 9.15 billion), computer software and hardware (USD 6.41 billion), trading (USD 4.46 billion), and automobile (USD 2.62 billion).

Further, Singapore has replaced Mauritius as the top source of foreign investment into India in the last fiscal, accounting for USD 16.22 billion inflows. India has received USD 8 billion FDI from Mauritius.

The other major investors in the country includes Japan, the Netherlands, the UK, the US, Germany, Cyprus, the UAE and France.

FDI is important as India would require huge investments in the coming years to overhaul its infrastructure sector to boost growth.

Decline in foreign inflows could put pressure on the country's balance of payments and may also impact the value of the rupee.


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KERALA NEWS
Mobile phones, tobacco products seized in raid at Kannur Central Jail
 Kannur: For the second time in a week, a raid was conducted on Kannur Central Jail on Monday night a  
Govt will not support idea of bifurcating Malappuram district : Minister
Kerala CPM leader's son booked for rape, cheating
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INTERNATIONAL NEWS
New British PM to be announced on July 23 By Aditi Khanna
 London: Britain''s new Prime Minister, either Boris Johnson or Jeremy Hunt, will be announced on Jul
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NATIONAL NEWS
Jaishankar files nomination papers for Rajya Sabha poll
 Gandhinagar: External Affairs Minister S Jaishankar Tuesday filed his nomination papers for the Rajy
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