Union Cabinet okays simplification of FDI policy to attract foreign investments
Source: PIB, Government of India The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval to review the existing foreign direct investment (FDI) policy on various sectors provided in the Consolidated FDI Policy Circular 2014, as amended by the Consolidated FDI Policy Circular 2015, by introducing composite caps for simplification of FDI policy to attract foreign investments. Following amendments to the relevant paragraphs of Consolidated FDI policy were approved: (a) Para 3.1.4 (i): An FII/FPI/QFI (Schedule 2, 2A and 8 of FEMA (Transfer or Issue of Security by Persons Resident Outside India) Regulations, as the case may be) may invest in the capital of an Indian company under the Portfolio Investment Scheme which limits the individual holding ...
