Under government route, foreign investor has to take prior approval of respective ministry/department
FDI norms for e-commerce should be relaxed
The pragmatic stance taken on retail is the first good step that goes beyond damage control and toward filling a strategic gap
While none of the players are likely to be happy with the move, some say more clarity is needed on the matter
The new investment rules could provide a boost to Apple, allowing it to grow sales in the country and possibly help it reduce its dependency on China by building an alternative supply chain in India
From the govt easing FDI norms for single-brand retail, digital media, and manufacturing to Synergy Group planning to pick up 49% stake in Jet Airways, here are the top business headlines for Thursday
Exports to be factored in to meet 30% domestic sourcing norm
Other proposals under consideration include raising investment limits in digital media and easing rules for retailers selling a single brand
In the Budget, the government had made clear its intent to further relax FDI norms in several sectors
These norms - which are effective February 1 - are likely to hit Amazon and Flipkart, the hardest
Government's new regulations bar online marketplaces with foreign investment to sell products of companies in which they hold stake as well as ban exclusive marketing arrangements
The Union government announced new changes to the FDI policy for e-commerce, aimed at checking predatory pricing and deep discounting
The Left, AIADMK and Trinamool Congress also likely to oppose FDI liberalisation
NDA government has relaxed FDI norms in a host of sectors including civil aviation, single-brand retail, defence and pharma
It aslo said that, new initiatives are expected to help improve margins for farm produce and contain food inflation as well
Easing of FDI norms welcome, but falls short
'BJP has opened such gates in FDI that all parties need to think if we are going to make profit or will go into loss,' said Yadav
FDI limit has been increased in defence, pharma and aviation sectors
Department of Economic Affairs has proposed that FDI up to 49% should be allowed in pharmaceutical companies through the automatic route
The new norms restricts sales by a single vendor to 25% in the market place