100% FDI under the automatic route for coal mining and contract manufacturing
NEW DELHI: The Union Cabinet on Wednesday liberalized Foreign Direct Investment (FDI) rules in four sectors, including single-brand retail trade and digital media, to boost investment in the private sector.
Union Commerce minister Piyush Goyal said the Union Cabinet, at its meeting chaired by Prime Minister Narendra Modi, has decided to allow 100 percent FDI under the automatic route for coal mining and contract manufacturing, eased sourcing norms for single-brand retailers and approved 26 percent overseas investment in digital media as it looked to boost economic growth from a five-year low.
This comes within a week of Finance Minister Nirmala Sitharaman unveiling a raft of measures to boost growth.
An official statement said the decision has been taken in order to provide clarity on contract manufacturing in the country.
Diese Geschichte stammt aus der August 29, 2019-Ausgabe von Millennium Post Kolkata.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 29, 2019-Ausgabe von Millennium Post Kolkata.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
IIT Madras Launches Asia's Largest Shallow Wave Basin Research Facility
IIT Madras has launched Asia's largest shallow wave basin research facility that can cater to Indian research and industry requirements.
India, US Working Together to Build Next Generation of Semiconductors
Says Jake Sullivan, USA's National Security Advisor, at IIT Delhi
India's Semiconductor Boom to Create More Tech Opportunities
Data science, analytics, hardware and software design are some critical skills students will need to master
JIS Student's Hi-Tech Hat Blends Sustainability & Innovation
Dhruba Shil, a fourth-year student from the Electrical Engineering Department of JIS College of Engineering, has captured attention with an invention that merges eco-conscious design with cutting-edge technology.
Yash Drops a Wild 'Birthday Peek' From 'Toxic'
In the video, he's impeccably dressed in a crisp white suit, fedora and holding a cigar
Don't like words like legacy and milestone
Hrithik expressed gratitude to the media and fans for their unending love and support
2026 WC last for Deschamps?
His 7th goal in last 5 games
Jacob in talks to replace Paul in 'The Dog Stars'
Mescal recently starred in 'Gladiator' sequel
After Australia debacle, Agarkar to hold meeting?
ROHIT, KOHLI'S FUTURE HANGS IN BALANCE
Britney Spears will be very involved in her biopic: Jon M Chu
‘Wicked’ filmmaker Jon M Chu, who is set to direct a biopic on pop star Britney Spears, said the singer will be an integral part of the upcoming film.
