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LATEST NEWS UPDATES


* India opens up sky to foreign players
. Overseas investors, barring foreign airlines, can now buy up to 100 per cent stake in Indian carriers; regulations pertaining to airports eased too
 . In civil aviation sector FDI up to 49 per cent permitted under automatic route and up to 100 per cent through government approval.
June 21, 2016 00:33:24 (GMT Time)



* India Easies FDI in Single Brand Retail, Civil Aviation, Defence, Pharma, Food Retail
. India has allowed 100 per cent FDI in civil aviation and food processing. Norms have been eased for animal husbandry and broadcast carriage services. To promote manufacturing of food products, the government has permitted 100 per cent FDI under the approval route for trading, including through e-commerce. In the defense sector, foreign investment beyond 49 per cent has been permitted through government approval, “in cases resulting in access to modern technology or for other reasons”.
. In civil aviation sector FDI up to 49 per cent permitted under automatic route and up to 100 per cent through government approval. Single-brand retail: Local sourcing norms relaxed up to three years; relaxed sourcing regime for another five years for entities undertaking single brand retail trading of products with a “state-of-the-art” and “cutting edge” technology. Would enable Apple to start operations Pharma sector: It has been decided to permit FDI up to 74 pc under the automatic route in brownfield or existing pharmaceutical units. The government approval route beyond 74 pc will continue Private security agencies: Existing policy permits 49 pc FDI under government approval route. Now, FDI up to 49 pc is permitted under automatic route and up to 74 pc with govt approval
June 21, 2016 00:29:28 (GMT Time)