Foreign Investment Current Affairs - 2020

India Business Council to host 45th India Ideas Summit 2020

On July 22, 2020, the India Business Council is to host India Ideas Summit 2020. PM Modi is to address the summit. Highlights The Summit will convene government leaders and business men for discussion about US-India partnership and trends in shaping trade and investment, globalization and future works. This year summit is to focus on Read More…

GoI amends General Financial Rules

On May 21, 2020, the Government of India amended General Financial Rules to make sure the goods and services that are of value less than Rs 200 crores are procured from domestic firms. Highlights The GFR 2017 (General Financial Rules) have been amended by the Central Government. Under the new amendment, global tenders henceforth will Read More…

Claims against India under Bilateral International Treaty dismissed

The Bilateral International Treaty organization, an international arbitration tribunal recently dismissed all the claims against India. Highlights The claims against India was brought the organization by private firms in Cyprus and Russia. The claims were under Agreement between Government of Russian Federation and Cyprus for promotion and protection of investments. The claims have now been Read More…

Global Bio-India Summit: India’s first largest biotechnology conference

India’s largest biotechnology conglomerate was held in New Delhi between 21 November, 2019 and 23 November, 2019. The event was organized by the Department of Bio Technology under Ministry of Science and Technology along with BIRAC (Biotechnology Industry Research Assistance Council) and CII. Highlights The summit provided opportunity to exhibit the bio technological advances in Read More…

Haryana Government sets up new Foreign Cooperation Department

The Haryana Government has created a new department called Department of Foreign Cooperation. The aim of the department is to focus on initiatives that are taken by the state that promotes welfare of non-Resident Indians, investment and youth employment. Key Features The Foreign Cooperation Department will work to formulate country-wise strategies that will promote employment Read More…