Business News This Week
The Cabinet Committee of Economic Affairs (CCEA) on Wednesday approved revised Foreign Direct Investment (FDI) guidelines for the calculation of total foreign investment (direct and indirect) in Indian companies, according to media reports.
There is need to focus on the investments in various sectors in India including FDIs in companies. Now the news rule over the FDI allows for NRI money in Indian firms. The investment made by the non-resident would be considered as foreign investment in India.
The adoption of the guidelines will simplify, streamline and rationalise the method of calculation of Indirect foreign investment across sectors, Home Minister P Chidambram said.
There is need to focus on the investments in various sectors in India including FDIs in companies. Now the news rule over the FDI allows for NRI money in Indian firms. The investment made by the non-resident would be considered as foreign investment in India.
The adoption of the guidelines will simplify, streamline and rationalise the method of calculation of Indirect foreign investment across sectors, Home Minister P Chidambram said.
0 comments:
Post a Comment