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Centre May Raise FDI Limit To Prop Economy

Centre May Raise FDI Limit To Prop Economy

With the aim of reviving the faltering economy, the government of India is planning to liberalise its foreign direct investment (FDI) policies and norms. Apart from making changes in the overseas investment limits for the aviation sector and insurance intermediation, the Modi led government will come also be clarifying the grey areas in the foreign direct investment policy such as explicit permission under the automatic route to contract to manufacture as well as relaxing the cap for FDI in single-brand…

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