NewsBites_Issue_62.pdf - Issue No 62 PRESENTS Date 14th...

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1 ` Issue No: 62 Date: 14 th July 2019 PRESENTS 1. Foreign direct investments (FDI) into the country grew 3% to $6.95 billion in April, Parliament was informed on Wednesday. Commerce and Industry Minister Piyush Goyal said that during 2018-19, the country recorded the highest-ever total FDI inflow of $64.38 billion, which is 6% higher as compared to 2017-18. 2. Indian private equity and venture capital (PE/VC) investments rose 27% compared to the previous year, in the first of 2019 to cross the $23 billion mark, according to a report from auditing and consultancy firm EY. 3. Increase in import duty on gold is likely to be dampener for the yellow metal. According to World Gold Council’s estimates a 2.5% increase to gold’s import duty may result in a reduction of gold demand by approximately 2.4% in 2019. 4. The foreign investors’ interest in India’s emerging green economy continues; with around $1.02 billion equity investment made by them in the current financial year till date. The international equity investment in the India’s clean energy sector was $283 million in 2016, $532 million in 2017 and $1.02 billion in 2018.
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