{"id":1582,"date":"2019-12-05T09:20:41","date_gmt":"2019-12-05T09:20:41","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/12\/05\/net-foreign-direct-investment-rises-23-in-h1\/"},"modified":"2019-12-05T09:20:41","modified_gmt":"2019-12-05T09:20:41","slug":"net-foreign-direct-investment-rises-23-in-h1","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/12\/05\/net-foreign-direct-investment-rises-23-in-h1\/","title":{"rendered":"Net foreign direct investment rises 23% in H1"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-1784926\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/12\/cats-356.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/12\/cats-356.jpg 660w, https:\/\/images.financialexpress.com\/2019\/12\/cats-356-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/12\/cats-356-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/12\/cats-356-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"size-full wp-image-1784926\" src=\"https:\/\/images.financialexpress.com\/2019\/12\/cats-356.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/12\/cats-356.jpg 660w, https:\/\/images.financialexpress.com\/2019\/12\/cats-356-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/12\/cats-356-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/12\/cats-356-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">The Department of Financial Services will get an additional Rs 4,557 crore for infusion into IDBI Bank through recap bonds.<\/span><\/figure>\n<\/div>\n<p>Net foreign direct investment (FDI) in India rose 23% to $20.9 billion in the first half of the current fiscal, compared with $17 billion in the year-ago period, finance minister Nirmala Sitharaman told the Lok Sabha on Wednesday.<\/p>\n<p>Responding to the debate in the lower House on the first supplementary demand for grants for FY20, Sitharaman said the investment scenario was not as bad as it was being made out. The Lok Sabha approved the government\u2019s proposal for gross additional expenditure of Rs 21,246 crore, including Rs 2,500 crore for capital infusion into state-owned insurance companies.<\/p>\n<p>Net cash outgo from the new proposals aggregate to Rs 18,996 crore, as the balance extra spending is matched by savings and extra receipts. Besides, Rs 4,557 crore would be infused into <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/idbi-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">IDBI Bank<\/a> via off-Budget means. The Department of Financial Services will get an additional Rs 4,557 crore for infusion into IDBI Bank through recap bonds.<\/p>\n<p>In September, the Cabinet had cleared a proposal under which IDBI Bank was to get Rs 4,557 crore from the government, which has 47.11% stake in the bank. State-owned LIC, which is the promoter of the ailing lender with a 51% stake, was to pump in an additional Rs 4,743 crore to improve the bank\u2019s capital position. The Rs 2,500-crore infusion into state-run insurance companies is aimed at helping them improve the solvency ratio. The additional expenditure proposed is unlikely to increase the Centre\u2019s Budget size as the likely huge shortfall in tax revenues could be balanced with spending compression under other heads.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The Department of Financial Services will get an additional Rs 4,557 crore for infusion into IDBI Bank through recap bonds. Net foreign direct investment (FDI) in India rose 23% to $20.9 billion in the first half of the current fiscal, compared with $17 billion in the year-ago period, finance minister Nirmala Sitharaman told the [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":1583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=1582"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/1583"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=1582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=1582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=1582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}