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Tuesday, July 17, 2018

Govt Eases FDI Norms In 15 Major Sectors, Including Defence, Civil Aviation

Close on the heels of the BJP’s defeat in Bihar, the government on Tuesday further opened up several key sectors including defence, construction, civil aviation and media to foreign investment, eased norms for businesses such as single-brand retail and private banking and allowed the FIPB to clear proposals up to Rs 5,000 crore from Rs 3,000 crore earlier.

Coming as it does a day before Prime Minister Narendra Modi leaves for the United Kingdom and to Turkey thereon for the G20 Summit, the decisions — all in the domain of the executive — are expected to help him reinforce the government’s narrative on economic reforms and its intent to attract global investors and ease rules for them.
– See more at: https://indianexpress.com/article/india/india-news-india/govt-eases-fdi-norms-fipb-limit-raised-from-rs-3000-crore-to-rs-5000-crore/#sthash.XF8hPnFo.dpuf

Close on the heels of the BJP’s defeat in Bihar, the government on Tuesday further opened up several key sectors including defence, construction, civil aviation and media to foreign investment, eased norms for businesses such as single-brand retail and private banking and allowed the FIPB to clear proposals up to Rs 5,000 crore from Rs 3,000 crore earlier. Coming as it does a day before Prime Minister Narendra Modi leaves for the United Kingdom and to Turkey thereon for the G20 Summit, the decisions — all in the domain of the executive — are expected to help him reinforce the government’s narrative on economic reforms and its intent to attract global investors and ease rules for them. - See more at: https://indianexpress.com/article/india/india-news-india/govt-eases-fdi-norms-fipb-limit-raised-from-rs-3000-crore-to-rs-5000-crore/#sthash.XF8hPnFo.dpuf