Rahul thanks govt for changing FDI norms after his warning
PTI, Apr 18, 2020, 6:58 PM IST
New Delhi: Congress leader Rahul Gandhi thanked the government on Saturday for amending the foreign direct investment (FDI) policy after his warning on the takeover of Indian companies by foreign players during the COVID-19 crisis.
“I thank the Government for taking note of my warning and amending the FDI norms to make it mandatory for Government approval in some specific cases,” he wrote on Twitter.
Gandhi had, on April 12, flagged the issue of the alleged takeover of some Indian companies after those became vulnerable in the wake of the economic slowdown.
“The massive economic slowdown has weakened many Indian corporates making them attractive targets for takeovers. The Government must not allow foreign interests to take control of any Indian corporate at this time of national crisis,” he had written on Twitter.
Gandhi’s warning came after the People’s Bank of China (PBoC) invested in HDFC and took up a stake in the finance company.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Rohith Vemula not a Dalit, says police in closure report
SC to consider interim bail to Kejriwal due to LS polls, puts ED to notice
Amit Shah fake video case: Delhi Police arrests Congress member Arun Reddy
India’s reservoirs report water shortage, southern belt worst hit as levels dip to 16%: CWC
Tharoor expresses limited support for dual citizenship proposal
MUST WATCH
Latest Additions
K’taka water crisis: NGT seeks cricket association’s reply on water sources in Chinnaswamy stadium
Sexual abuse allegations: More trouble brewing for Revanna, Prajwal
Rohith Vemula not a Dalit, says police in closure report
Malaria infection may accelerate ageing process: Study
Bengaluru to host film festival in honour of Guru Dutt