What is FDI,FII,govt to define,says Budget 2013

He said that 8220;where an investor has a stake of 10 per cent or less in a company,it will be treated as FII and,where an investor has a stake of more than 10 per cent,it will be treated as FDI8221;.

The minister said that a committee would be constituted to examine the application of the principle and to work out the details expeditiously.

India8217;s foreign direct investment inflows declined nearly 19 per cent to USD 1.10 billion in December 2012 due to global economic uncertainties.

For the April-December period of 2012-13,the inflows have declined by about 42 per cent to USD 16.94 billion.

Sectors which received large FDI inflows during the nine months of the current fiscal include services,hotel and tourism,metallurgical,construction and automobiles.

India received maximum FDI from Mauritius,followed by Japan,Singapore,the Netherlands and the UK.

FIIs infused a net amount of USD 4.31 billion about Rs 23,035 crore in Indian equities in February so far,taking the total for the year to USD 8.4 billion Rs 45,094 crore.