As India tries to contain the economic fallout from the West Asia conflict, the Prime Minister’s Office is coordinating across ministries to protect growth, inflation and the current account. Officials are mapping opportunities from the Iran-linked disruption while modeling the hit from soaring global oil prices under different price bands. Finance and commerce teams are considering easing FEMA, improving bilateral investment treaty terms, substituting select imports with domestic production, and tightening curbs on non-essential purchases like bullion and gems.
Swiggy has started steps to become an Indian Owned and Controlled Company by seeking shareholder approval to amend its articles and board nomination rules. The move is designed to satisfy FEMA IOCC conditions and strengthen domestic control. It also appears linked to Instamart’s shift from a marketplace approach to an inventory-led model that could boost margins and supply-chain control.
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Swiggy is revamping its board structure to qualify as a wholly Indian concern under FEMA rules. The move is driven by stakeholder inquiries as the company manages foreign investment that accounts for roughly 60% of its shares. With India’s food delivery market fiercely competitive, the shift could give Swiggy greater autonomy and control in the next phase of growth.
The Enforcement Directorate has carried out fresh searches in a money laundering investigation involving Punjab Industries Minister Sanjeev Arora and associates. Raids were conducted at Arora’s Chandigarh residence and at a Gurugram real estate firm. The action follows earlier ED steps under FEMA and a money laundering probe that began in 2024, spotlighting alleged financial links across locations.
The IRS has extended the federal tax filing deadline for eligible Washington residents and businesses affected by severe weather under a FEMA disaster declaration. Instead of the usual timeline, qualifying taxpayers get until August 15, 2026 to file. The update also lands as Americans nationwide look toward an average refund of about $1,700, often used for essentials like rent and groceries.
India has relaxed foreign investment rules under FEMA, letting overseas firms with up to a 10% Chinese ownership invest through the automatic route without prior government approval. The immediate change aims to revive foreign capital inflows and comes after restrictions introduced in 2020. The update applies right away for eligible investments, signalling a more open stance.
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India’s Department of Economic Affairs is finalising the FEMA approval needed to notify eased FDI rules for overseas firms holding up to 10% Chinese shareholding. An official said the announcement is expected soon, following a March Press Note by DPIIT that already expanded automatic-route investments from land-border countries across sectors.
In 2025, Indians and Britons topped Dubai property purchases, with investors pointing to a weaker rupee, stronger rental yields, and limited returns at home. Many are increasingly using overseas family offices to manage wealth and navigate FEMA compliance, while also hedging currency risk—turning Dubai into a fallback real estate play.
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