Ministry of Finance and Industry Tightens FDI norms

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Capital Market
Last Updated : Apr 20 2020 | 11:50 PM IST
Ministry of Finance and Industry has informed that Foreign Direct Investment (FDI) from countries that share a border with India will only be allowed after Government approval. The new rules imply that government approval will also be required for the transfer of ownership of any existing or future investment in India.

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First Published: Apr 20 2020 | 12:35 PM IST

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