Govt to liberalise FDI in aviation, media, single brand retail, says Nirmala Sitharamanhttps://indianexpress.com/article/business/govt-to-liberalise-fdi-in-aviation-media-says-nirmala-sitharaman/

Govt to liberalise FDI in aviation, media, single brand retail, says Nirmala Sitharaman

In her maiden Budget speech, Finance Minister Nirmala Sitharaman said that India's FDI inflows in 2018-19 grew by 6 per cent to USD 64.37 billion.

Budget2019, live budget 2019 updates highlights date, live budget 2019 updates highlights date, Budget highlights, Budget 2019 highlights, Budget 2019, Union Budget highlights, Budget 2019 key points, 2019 budget, budget 2019 news, , Budget 2019 highlights, nirmala sitharaman, indian express, indian express photos
Union Finance Minister Nirmala Sitharaman also said 100 per cent foreign direct investment (FDI) will be permitted for insurance intermediaries

Aiming to attract more foreign investment, Union Finance Minister proposed relaxation in the FDI norms for sectors such as media, aviation, insurance, and single brand retail. In her maiden Budget speech, Sitharaman said that India’s FDI inflows in 2018-19 grew by 6 per cent to USD 64.37 billion. Budget 2019 LIVE Updates

“I propose to further consolidate, the gains in order to make India more attractive FDI destination. The government will examine suggestions of further opening up of FDI in aviation, media, AVGC (Animation, Visual effects, Gaming and Comics) and insurance sector in consultation with stakeholders,” she said.

Besides this, the minister also said 100 per cent foreign direct investment (FDI) will be permitted for insurance intermediaries, and local sourcing norms will be eased for FDI in single brand retail sector.

Aadhaar on arrival for NRIs with Indian passport: Nirmala Sitharaman

Presenting the Modi government’s budget, Sitharaman said the NDA government had set the ball rolling for a ‘New India’ in its first term and programmes will be accelerated and red tape reduced going forward.