SBI Mutual Fund says the first quarter of fiscal year 2016 will be a flat, with recovery only expected by the end of December
The government today approved Rs 740 crore fund for the 12th Plan period for Food Processing Ministry's scheme to facilitate the setting up of units and technology upgradation.
Robert Parker, head- strategic advisory group, Credit Suisse Asset Management, in an interview to CNBC-TV18, says that the QE programme may end in 2014 if US economic growth is strong. Parker adds that the view on India is highly positive on the pullback in the rupee and hike in FDI cap.
Chidambaram, who is on a four-day US trip to attend the annual leadership summit of US-India Business Council, urged the leaders of the US corporate sector for substantial investments in India as he emphasised the need for US companies to set up local manufacturing bases in India.
Department of Industrial Policy & Promotion (DIPP) maintains that the licensing norms will take care of most of the concerns raised by the home ministry on raising FDI caps in many sectors , reports CNBC-TV18‘s Rituparna Bhuyan.