Pages

Total Pageviews

Wednesday, January 10, 2018

FDI amendments cleared by NDA Govt Cabinet on Wednesday Jan 10,2018

Full list of amendments in the FDI policy

* 100 per cent FDI under automatic route for Single Brand Retail Trading (SBRT): Government approval is no longer required for FDI in SBRT. The policy had previously allowed only 49 per cent FDI under automatic route, while FDI between 49-100 per cent mandated government approval.

* 100 per cent FDI under automatic route in Construction Development: Real-estate broking service does not fall under the ambit of real estate business and is now eligible for 100 per cent FDI under automatic route.

* Foreign airlines allowed to invest up to 49 per cent under approval route in Air India: Foreign airlines were previously allowed to invest capital under Government approval route in Indian airline companies, excluding Air India. Now, foreign companies can ivest upto 49 % under approval route in Air India as long as it does not exceed 49 per cent directly or indirectly. Also, substantial ownership and effective control of the company will remain vested in India national.

* IIs/FPIs allowed to invest in Power Exchanges through primary market: Previously, the policy allowed 49 per cent FDI under automatic route in Power Exchanges. FIIs/FPIs are now allowed to invest in Power Exchanges through the primary market as well.
 
* Definition of ‘medical devices’ amended in the FDI Policy: The definition of ‘medical devices’ has been amended in the FDI policy on pharmaceuticals

No comments:

Post a Comment