New Delhi: The government is examining India’s foreign direct investment policy to look for new areas that can be opened to overseas investors and sectors that face hurdles despite being on the automatic route. “We have started a review and have asked all stakeholders to check for areas that can be opened up and if the automatic route is actually being used in existing sectors,” said an official aware of the development. The exercise comes after FDI equity inflows into India fell in 2018-19, for the first time in six years, with a steep decline in telecom, pharmaceuticals and power. FDI equity inflows into India declined 1% to $44.4 billion in 2018-19 from a record $44.8 billion in the previous year, data released by the Department for Promotion of Industry and Internal Trade on Tuesday showed. Foreign investments fell 56% to $2.7 billion in telecommunications and 74% to $266 million in pharmaceuticals. In the power sector, FDI shrank 32% to $1.1billion. The … [Read more...] about FDI policy review begins as inflows drop despite auto route
Foreign investment inflows
Tran Thap Kieu Quan, CFA Head of Fixed Income, Eastspring Vietnam Eastspring has since built an unparalleled on-the-ground presence in 11 Asian markets as well as distribution offices in North America and Europe. Eastspring Vietnam, formerly known as Prudential Vietnam Fund Management Company, was established in 2005 and re-branded in 2011. Eastspring Vietnam applies a long-term value-oriented investment philosophy to its investment funds and portfolios for both institutional and retail clients who are domiciled both offshore and onshore in Vietnam, with total assets under management currently exceeding around VND100 trillion ($4.34 billion). Promising corporate debt market Vietnam’s domestic bond market has grown substantially since 2012. By 2018, its size had more than doubled, equalling 39 per cent of the country’s GDP. The corporate bond market has also expanded almost five-fold in this time, hitting $6.2 billion by 2018. This expansion has not only been driven by … [Read more...] about Invested in the future of corporate bond market
India's mutual fund space witnessed an interesting dichotomy in November.Net inflows into equity mutual funds (MFs), including closed-ended schemes, stood at a mere Rs 933 crore against Rs 6,015 crore in the previous month, latest data released by the Association of Mutual Funds in India (AMFI) shows.On the other hand, investment in equity funds through systematic investment plans (SIPs) saw a strong momentum at Rs 8,273 crore.Close The fall in equity MFs net inflow is primarily due to redemptions in value funds, multi-cap funds and sectoral funds. related news Market Headstart: Nifty likely to open higher on Fed status quo; Ujjivan Small Finance Bank eyed Bharat Bond ETF can help low-risk investors diversify with 10-20% allocation This multiplex stock jumped 47% in 2019 despite slump in consumer spending Overall, the mutual fund industry saw its total asset under management (AUM) hitting Rs 27 lakh crore as of November from Rs 23.59 lakh crore a year ago. That represents a … [Read more...] about Equity inflows drop but SIP figures at all-time high; what should you do?
THE FIRST question to consider in any reckoning of South Africa is whether you can get through it without a story about Nelson Mandela. You can’t, of course. So here is one that seems apposite. Mandela and his fellow prisoners on Robben Island were allowed one book other than the Bible. They opted for the collected works of Shakespeare. Each marked a favourite passage. Mandela chose one from “Julius Caesar”: “Cowards die many times before their deaths; the valiant never taste of death but once.” Fast-forward from the struggle against apartheid to today. South Africa’s economy has shrunk in two of the past three quarters. The state-owned power company has announced a series of rolling blackouts. An unchecked budget deficit means public debt is on track to rise above 70% of GDP by 2022. The national airline has sought protection from its creditors. The country’s investment-grade credit rating is hanging by a thread. Get our daily newsletter … [Read more...] about Why it is hard for foreign investors to be bullish on South Africa
By Emeka Anaeto, Business Editor THERE are indications that the Central Bank of Nigeria, CBN, may have hit a comfort zone in the Bilateral Currency Swap Agreement, BCSA, it signed with the People’s Bank of China (PBoC), if the transaction figures tell it all. Vanguard investigations show a relative stability across all the dimensions of the BCSA especially in the area of liquidity, exchange rate, demand management and projections to terminal date. Buhari Commissions NAF reference hospital for treatment of injured personnel(Opens in a new browser tab) The agreement which marked one year of implementation last month, was signed on April 27, 2018, to ease demand pressure on the country’s supply of foreign exchange. Vanguard investigations show adequate supply of the Chinese Yuan in the weekly intervention of the CBN in the foreign exchange market with demand averaging CNY135 million per month. This may have accounted for the relative stability enjoyed by the end … [Read more...] about Nigeria-China currency swap, one year after