Why India banned gold imports from South Korea?

New Delhi: After a surge in import of gold from South Korea, the Directorate General of Foreign Trade (DGFT) in the commerce ministry on Friday banned duty free imports of the yellow metal from the country. Under the India-South Korea free trade agreement that came into force in 2010, India has allowed duty free import of […]

Government approves 9 FDI proposals worth about Rs5,000 crore

New Delhi: The government has approved nine FDI proposals, including that of Amazon Retail India, envisaging foreign investments of about Rs5,000 crore. According to the DIPP’s (Department of Industrial Policy and Promotion) Foreign Investment Facilitation Portal, four foreign direct investment proposals, including BCP Advisors and Aveo Real Estate Holdings, have been rejected. Amazon Retail has proposed […]