Big bang FDI reforms |
India has announced major policy changes aimed at easing rules for foreign direct investment across 15 sectors including agriculture and plantations, construction, single-brand and wholesale retail, private banks, aviation and broadcasting. Rules have also been eased formining and mineral separation of titanium, defence and limited liability partnerships . Sectoral limits have also been increased. The move comes ahead of Prime Minister`s visit to the UK and Turkey where he will be attending the meeeting of G-20 leaders.The policy changeswould have been rushed through to send a clear message that the government means business despite the loss in the Bihar assembly elections.‎The crux of these reforms is to further ease, rationalise and simplify the process of foreign investments in the country and toput more and more FDI proposals on automatic route instead of government route where time and energy of the investors is wasted. It is one more proof of minimum government and maximum governance...
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