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$259 mn FDI in single-brand retail since 2010

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10 years ago

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New Delhi: India has received $259 million in foreign direct investment (FDI) in single brand-retail since April 2010, the government said Tuesday.

“During April-September 2014, the country received $167.52 million FDI in single-brand retail sector,” Minister of State for consumer affairs, food and public distribution Raosaheb Patil Danve said in a written reply to the Lok Sabha.

FDI of $11.30 million was received in the last fiscal, he added.

The ministry is currently processing six FDI proposals in the single-brand retail sector, the minister told parliament last week.

Danve also said the government had not taken a decision on allowing foreign investment in multi-brand retail trade.

“No application for FDI in multi-brand retail trading is pending,” he said.

FDI in single-brand retail was increased to 100 percent from 51 percent in early 2012.

According to official data, 18 proposals worth $173 million were approved between April 2010 and May 2013.

The rules permit 100 percent FDI in single brand retail and 51 percent in multi-brand retail trading.

 

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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