More than 5.36 lakh subscribers have joined NPS under NPS-all citizen model. The overall number of NPS and APY subscribers has crossed 1.80 crore with total assets under management (AUM) of more than Rs 220,000 crore.
The textile minister asserted that the country's man-made fibre sector can soon look forward to "good news" as an inter-ministerial group (IMG)has been formed to suggest measures to maximise its potential. However, she did not elaborate on the details.
The latest consolidated FDI policy, which usually factors in various changes over the past one year to make it easier for foreign investors to get informed of various rules, also formally clarified that the restriction of 25 per cent on sales of one vendor through an e-commerce marketplace will be computed on a financial year basis
During April-December this fiscal, over 90 per cent of the total foreign direct investment received came in through the automatic route, with less than 10 per cent coming in through the approval route.