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Monday
September 2019
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News Headlines
Four held in Kerala for honey trapping NRI bizman        Minor girl sexually assaulted for over 2 yrs in Kerala, two        De Kock leads SA to nine-wicket win, Kohli’s move backfires        Over three-fourths of J&K population supported Art 370 abrogation: Rajnath Singh        PM Modi meets Kashmiri Pandits in Houston, assures them of New Kashmir        Miley Cyrus, Kaitlynn Carter split after month of dating        Sean Bean thinks Richard Madden would be perfect as next Bond        Had to get my game together for 'Turram Khan': Nushrat Bharucha        Andy Murray says 'naive' to think he will return to top        Try best not to let criticism get to me: Shraddha Kapoor        Ker HC strikes down college hostel rule prohibiting mobile use        Govt accepts resignation of Madras HC Chief Justice V K Tahilramani        Babri Masjid demolition case: Special CBI court issues summons to Kalyan Singh        We are committed to meet India's energy security needs: Saudi Arabia        Experience more relevant than what you learnt 35-40 years ago: Das on his history background        Petrol price jumps Rs 1.59/ltr, diesel Rs 1.31/ltr after Saudi attacks        Typhoon heads to northeast Japan after some damage in south        US likely to escalate trade war with China if no deal is agreed soon: Trump's advisor        EU's Juncker says not too late for Brexit deal        Apna Time Aayega, says team `Gully Boy'        
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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
Four held in Kerala for honey trapping NRI bizman
 Kochi: Four people including a woman were arrested for allegedly honey trapping a Gulf-based NRI bus  
Minor girl sexually assaulted for over 2 yrs in Kerala, two
Ker HC strikes down college hostel rule prohibiting mobile use
Government to rebuild Palarivattom flyover
INTERNATIONAL NEWS
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US likely to escalate trade war with China if no deal is agreed soon: Trump's advisor
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NATIONAL NEWS
Over three-fourths of J&K population supported Art 370 abrogation: Rajnath Singh
 Patna: Article 370 was like a "canker" that bled Jammu and Kashmir, Defence Minister Rajnath Singh s
Govt accepts resignation of Madras HC Chief Justice V K Tahilramani
Babri Masjid demolition case: Special CBI court issues summons to Kalyan Singh
Chinmayanand arrested, says sorry for behaviour
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