Currently, 100% FDI through automatic route is permitted in 18 NBFC activities including merchant banking, under writing, portfolio management services, financial consultancy and stock broking
The government has liberalised the FDI policy to maximise benefits from FDI
It stands at $4.25 bn
Allowing FDI in food sector is nothing but a step in the direction of opening retail sector to FDI, says CAIT
The current government has however not altered the multi-brand retail FDI rulebook yet