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Tuesday, 10 April 2012

Detailed Union budget 2012-13(3)

5.Rs.30,000crore to be raised through disinvestment.

Disinvestment: Disinvestment is an action of government
Selling or liquidating an asset or subsidiary
or
The decision of a company not to fill up again the reduced numbers of capital goods.

6.Efforts to reach broad based consensus on FDI (Foreign Direct Investment) in multi-brand retail.

What is FDI?

FDI is direct investment by a company in production located in another country.It may be either by buying a company in the country(or) by expanding operations of an existing business in the country.
India is the second most important FDI destination after China during 2010-12. The sectors which attracted higher inflows were services,telecommunication, construction activities and computer software and hardware.
Mauritius,Singapore, The US and the UK were among the leading sources of FDI.

The world's largest retailer Walmart has termed India's decision to allow 51%. FDI in multi-brand retail as a first important step.However this decision of the Government is currently under suspension due to opposition from multiple political quarters.
FDI provides an inflow of foreign capital and funds,investment in addition to an increase in the transfer of skills,technology and job opportunities...

Continued...........

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