Diabytes
Foreign investment regime News
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The consolidated policy is a compilation of the various decisions taken by the government in the past one year.
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Bank stocks on Thursday gained up to 4 percent following the government's move to simplify foreign investment regime that boosted investor sentiment.
The limit of portfolio investment in banking is capped at 49 percent while in defence it is 24 percent.
Seeking to streamline the foreign investment regime, the commerce and industry ministry has proposed to introduce a composite cap which will include FDI, FII and other instruments in various sectors.
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