Govt releases latest edition of consolidated FDI policy - Indian Express

PTI : New Delhi, Sat Apr 06 2013, 13:26 hrs The Department of Industrial Policy and Promotion (DIPP) today released the latest edition of consolidated FDI policy incorporating the changes made in the regulations over the past one year. The DIPP is the nodal agency on FDI related matters. With a view to make India¿s FDI regime simple and easy to under stand for investors, the department had compiled all the related policies into a single document. This is the sixth edition of consolidated FDI policy and will be effective from April 5. India has taken several steps to attract Foreign direct investment (FDI, which is considered crucial for economic development of a country. The government has allowed FDI in multi-brand retail,power exchanges and hiked FDI cap in single-brand retail and broadcasting. In the first 10 months of current financial year, foreign direct investment (FDI) contracted by 33 per cent to USD 21 billion against USD 31 billion in the same period last year due to the global economic uncertainties. Please read our terms of use before posting comments TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s). via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEauT9T4YMxCDeuEkcQuJeidwEXbQ&url=http://www.indianexpress.com/news/govt-releases-latest-edition-of-consolidated-fdi-policy/1098577/

Put the internet to work for you. via Personal Recipe 2910127