FDI

28 May

India Exits Top-15 Global FDI Destinations, Cheema Slams BJP’s ‘Amrit Kaal’ Claims

Gurpreet Singh0 CommentsPunjabEconomy, FDI, Finance, Harpal Singh Cheema, investment, Punjab

Chandigarh (Gurpreet Singh): Punjab Finance Minister Harpal Singh Cheema on Thursday said that India’s removal from the list of the world’s Top-15 economies for Foreign Direct Investment (FDI) confidence reflects the deepening crisis of investor trust under the BJP-led Central Government. Referring to the latest FDI Confidence Index rankings, The Finance Minister stated that while India was ranked among the world’s Top-10 investment destinations in 2016, it has now slipped completely out of the Top-15 list in 2026. Citing the global rankings, Finance Minister Harpal Singh Cheema said the development exposes the stark gap between the BJP Government’s publicity-driven claims…

23 Jul

ED Accuses Myntra of ₹1,654 Crore FEMA Violation Over FDI Misuse in Retail Structure

Rajeev Sharma0 CommentsBusinessED, FDI, FEMA violation, multi-brand retail, Myntra, Vector E-Commerce

National Times Bureau, July 23, 2025: The Enforcement Directorate (ED) has filed an official complaint against Myntra Designs Private Limited and its related entities and directors for allegedly violating the Foreign Exchange Management Act (FEMA), involving Foreign Direct Investment (FDI) of ₹1,654.35 crore.The action follows a detailed investigation that, according to a senior ED official, revealed Myntra misrepresented its business model by posing as a wholesale trader while conducting multi-brand retail trading (MBRT). This approach reportedly violated India’s FDI norms, which restrict foreign investment in direct retail.The ED claims Myntra received FDI while identifying itself as a wholesale cash-and-carry business.…