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Jaitley holds review meeting of FDI policy in various sectors

Finance minister Arun Jaitley held a meeting with other ministers and government officials on Monday for a review of the current Foreign Direct Investment (FDI) policy, informed sources said. Commerce minister Nirmala Sitharaman, power minister Piyush Goyal, Niti Aayog CEO Amitabh Kant and external affairs minister Sushma Swaraj attended the meeting, the sources said. The official refused to give any details of the meeting. The government has been considering further liberalising the FDI regime to attract foreign investments in various sectors, including 100% FDI under the automatic route for the…

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FDI Inflows Into India Rise 37% in 2015

New Delhi: Foreign direct investment (FDI) into the country increased 37 per cent to $39.32 billion during 2015. The foreign investment inflows stood at $28.78 billion in 2014, according to data by the Department of Industrial Policy and Promotion (DIPP). The computer hardware and software sector attracted the highest FDI, followed by services, trading business, automobiles and chemicals. Singapore emerged as the biggest FDI source, followed by Mauritius, US, Netherlands and Japan. The government has taken several steps to promote investments through a liberal FDI policy. It has relaxed norms in several sectors, including single brand retail, e-commerce and…

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