send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Please specify
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
The Union Cabinet has given its ex-post-facto approval for the FDI policy amendments announced by the Government on 20th June, 2016. The FDI policy amendments are meant to liberalise and simplify the FDI policy so as to provide ease of doing business in the country leading to larger FDI inflows contributing to growth of investment, incomes and employment. Main Amendments are:
Promoting Food Products manufactured/produced in India It has now been provided that 100% FDI under automatic route for trading, including through e-commerce, is permitted in respect of food products manufactured and/or produced in India. Foreign Investment in Defense Sector As per the liberalised norms, foreign investment in defence sector is now permitted up to 100 per cent. Earlier policy permitted 49 per cent FDI participation in the equity of a company under automatic route. FDI above 49 per cent was permitted through approval on case to case basis, wherever it is likely to result in access to modern and ‘state-of-art’ technology in the country. Pharmaceutical The earlier FDI policy on pharmaceutical sector provides for 100% FDI under automatic route in Greenfield pharma and FDI up to 100% under government approval in Brownfield pharma. With the objective of promoting the development of this sector, 74% FDI under automatic route has been permitted in brownfield pharmaceuticals. FDI beyond 74% would be permitted through Government approval route. Civil Aviation Sector With a view to aid in modernization of the existing airports to establish a high standard and help ease pressure on the existing airports, 100 per cent FDI under automatic route has been allowed in brownfield airport projects. Broadcast carriage With 100 percent FDI allowed through the automatic route, major investments can be expected in cable networks, direct-to-home services, and mobile TV businesses, among others. This relaxation will complement the government’s Digital India strategy by increasing investments in broadband infrastructure and communications. Expansion of entertainment, education and ecommerce services will also increase demand for spectrum and optical fibre. Private Security Agencies For private security agencies, FDI up to 49 per cent is now permitted under automatic route and beyond that and up to 74 per cent, government approval is required. Animal Husbandry As per FDI Policy 2016, FDI in Animal Husbandry (including breeding of dogs), Pisciculture, Aquaculture and Apiculture is allowed 100% under Automatic Route under controlled conditions. The requirement of ‘controlled conditions’ for FDI in these activities has now been done away with. Single Brand Retail Trading In case of single brand retail trading, the government has relaxed local sourcing norms for up to three years, with prior government approval, for entities undertaking trading of products having ‘stateofart’ and ‘cutting edge’ technology. Analysis:
By: Vishal ProfileResourcesReport error
Access to prime resources