GoI releases updated compendium on FDI policy

Q.  Government has released updated compendium through policy changes and unnecessary explanations to make which type of investment policy simpler?
- Published on 09 Jun 16

a. FDI
b. FII
c. Foreign Investment
d. Domestic Investment

ANSWER: FDI
 
Aiming to make FDI policy simpler, government on June 8 2016 released an updated compendium for incorporating policy changes and doing away with unneeded explanations
  • The earlier’s regime’s policy for opening multi-brand retail for foreign investment has also been carried forward
  • FDI policy has been made simpler and investor friendly and the compendium also provides provisions for the issue of sweat equity to NRI employees and directors and defines the term private security agencies, private security and armoured car service.
  • Department of Industrial Policy and Promotion also said it clarified on private security agencies by borrowing definition of few terms from Private Security Agencies Regulation Act 2005

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