FDI rules to allow NRIs to invest in India
mangaloretoday.com
New Delhi, May 21: Union Cabinet on Thursday approved amendments to the Foreign Direct Investment (FDI) policy on investments by Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizen of India (OCIs) for greater forex remittances.
The proposal was floated by the Department of Industrial Policy and Promotion to tap the NRIs for investments in defence, railways among other sectors. Last year, the government had formed a committee on this matter
Since coming to power in May last year, the Narendra Modi government has liberalised the FDI limit in crucial sectors like defence, insurance, real estate, railways and medical devices. The measures were aimed at improving India’s ranking in the World Bank’s Ease of Doing Business index, where India stands at 142 among 189 countries.
The measures could also be seen in the context of the Modi government allowing NRIs to vote through e-ballot system or proxy.
Write Comment
E-Mail To a Friend
Facebook
Twitter 
Print - Sullia: Rider dies in bike-jeep collision
- Mangaluru: Mustering process held ahead of LS polls
- Mangaluru: BJP accuses Congress of circulating fake pamphlet
- Over 2.88 crore voters in Karnataka to cast their franchise on April 26
- Communally sensitive DK dist was a narrative created by few: Captain Brijesh Chowta
- BJP protests against Congress government’s ‘anti-people’ policies
- Renowned Yakshagana Bhagavatha Subrahmanya Dhareshwar no more
- People must support Congress to develop DK as land of harmony: Padmaraj
- Railways to operate special trains to clear extra rush during election day
- BJP, Congress candidates end campaign by conducting roadshows in Mangaluru
- There is no Modi wave in DK: Harish Kumar
- Railways to operate election special trains from Bengaluru to Mangaluru, Kundapura
- Cops register case against ABVP activists for holding protest without permission
- 6 Dead as massive fire engulfs Patna hotel, over 50 feared trapped, watch
- Horlicks, Boost drop ’Health’ label, rebranded as "Functional, Nutritional drink"
- Not One Vote: Mamata Banerjee’s big message after 26,000 teachers lose jobs
- On complaints against PM Modi, Rahul Gandhi, poll body’s notice to parties
- RBI plans curbs on suspect bank accounts to fight cyber fraud: Report
- Sunita Kejriwal to lead AAP’s Lok Sabha campaign in Delhi, hold roadshows
- ’Desperation born from fear of defeat’: Siddaramaiah slams Modi, defends 4% Muslim quota
- ED challenges Arvind Kejriwal’s plea in Supreme Court: ’173 phones destroyed’
- 103-year-old CSK fan flaunts love for cricket, wishes to meet MS Dhoni
- How an Indian heart saved a Pakistani teen’s life
- Zomato may soon deliver your order faster if you pay more money
- Poll body to establish over 1800 special polling booths in Karnataka
- New residential complex for the judges inaugurated in Mangaluru
- Absconding accused nabbed after 8 years
- Truck with cylinders turns turtle in Beltangady
- Bhoota Kola artist dies of cardiac arrest
- Development of the country should be our goal: Ganesh Karnik
- Container truck gets stuck under Modankap railway bridge
- Truck crushes bike’s pillion rider near BC Road
- Head constable dies of heart attack
- Udupi: PDO dismissed over financial irregularities
- CREDAI to resume Skill Development Program for Construction Workers in Mangaluru
- John B Monteiro elected president of Rachana Catholic Chamber of Commerce & Industry
- Sudhanshu Rai elected district president of All College Student Association
- Chief Minister to visit Mangaluru, Udupi on August 1
- Nitte University awards PhD degree to Tina Sheetal D’Souza
- Sachitha Nandagopal honoured by CMTAI for Community Service
- Local Search
- Classifieds
- CITY INFORMATION
- TRAVEL
- TOURIST INFORMATION
- HEALTH CARE
- MISCELLANEOUS
© 2024 All rights reserved. MangaloreToday