- Pankaj Gupta appointed as Director, DIPAM
- Ms. Basumathi G appointed as Dy Secretary, Dept of Biotechnology
- Lok Sabha accepts TDP,other opposition parties’ no-trust move against Modi government
- PM Modi attacks Mamata, accuses her of 'throttling democracy' and running 'syndicate raj' in Bengal
- AAP in deep trouble as 16 party leaders resign en masse in Punjab
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval to a number of amendments in the FDI Policy. These are intended to liberalise and simplify the FDI policy so as to provide ease of doing business in the country. In turn, it will lead to larger FDI inflows contributing to growth of investment, income and employment.
Foreign Direct Investment (FDI) is a major driver of economic growth and a source of non-debt finance for the economic development of the country. Government has put in place an investor friendly policy on FDI, under which FDI up to 100%, is permitted on the automatic route in most sectors/ activities. In the recent past, the Government has brought FDI policy reforms in a number of sectors viz. Defence, Construction Development, Insurance, Pension, Other Financial Services, Asset reconstruction Companies, Broadcasting, Civil Aviation, Pharmaceuticals, Trading etc.