Knowledge is Power. Keep Yourself Updated with the News, Events that can Affect Your Trade Earnings: FDI in Multi Brand Retails

The Government is facing sharp opposition for the next monsoon session of Parliament beginning.

But the government's lack of foreign multi-brand retail companies, these rules have changed now. The Cabinet Committee on Economic Affairs (CCEA) in its meeting held on Thursday of FDI norms, the case is now allowed to open stores have been left to the states. If desired state in cities with populations less than one million in multi-brand retail stores allow companies will be able to sit.

Arguing in favor of relaxing norms Anand Sharma said "any policy is not set in stone. Can the Constitution be amended so why not in a policy? We just worked transparent policies. Where in multi-brand retail stores are to be opened up to the states to decide. "

Government to attract FDI small and medium enterprises (SMEs) in terms of purchasing 30% of foreign companies have been relaxed on demand. Agricultural cooperatives and farmer cooperatives have also been included in the scope.

In addition, over a dozen government has liberalized the rules of FDI in industries. Increase FDI limit in telecom 100%t government and 49% FDI in single brand retail approved to bring the automatic route. PSU oil refineries, power exchanges, commodity exchanges, stock exchange etc. will now automatically route up to 49%t FDI. As far as defense is concerned, it has been retained at 26% FDI limit. Increase investment in insurance was discussed at the meeting.

FDI Decision

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Industry - current limit (method) --- Change (way)

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1. Petroleum / natural gas - 49% (FIPB) - 49% (automatic)

2. --- 49% Commodity Exchange (FIPB) --- 49% (automatic)

3. --- 49% of power exchange (FIPB) --- 49% (automatic)

4. Stock Exchange --- 49% (FIPB) --- 49% (automatic)

5. Assets Reconstruction Company - 74% (FIPB) - 100% (49% automatic, over 49 FIPB)

6. Credit Information Bureau --- 49%(FIPB) --- 74% (automatic)

7. Single-brand retail - FIPB 100 --- 100% (49%, followed by automatic and FIPB)

8. Basic, Cellular Phone --- 74% (49% automatic) --- 100% (49%, followed by automatic FIPB)