The significant gross FDI inflow is a sign of investor confidence, which is coupled with the fact that India's foreign reserves stand at a whopping $686.1 billion (enough to cover more than 11 months of import).
The Enforcement Directorate (ED) has imposed a penalty exceeding ₹3.44 crore on BBC World Service India for violations of Foreign Direct Investment (FDI) regulations under the Foreign Exchange Management Act (FEMA).
Notably, this marks the first instance of such a move in the public service broadcaster’s global operations. The development comes less than a year after the BBC faced scrutiny from Indian tax authorities for tax evasion.
CPIM has promised to undo legislations that have been historically used against terrorists and criminals of the highest order. This includes repeal of the UAPA and the NSA.