Govt relaxes FDI norms for NRIs

Friday, 22/05/2015

http://www.indiapress.org/gen/news.php/The_Tribune/

New Delhi : The Centre today decided to liberalise foreign direct investment norms for NRIs, overseas citizens of India (OCIs) and persons of Indian origin (PIOs) to increase capital flows into the country. The decision was taken by the Cabinet Committee on Economic Affairs, headed by Prime Minister Narendra Modi.

“The Cabinet approved amendments to the FDI policy on investments by NRIs, PIOs and OCIs. This will give PIOs and OCIs parity with NRIs on economic, financial and educational fronts,” an official spokesperson said.

“The amendment in FDI for OCIs, NRIs and PIOs will lead to greater forex remittances and investment,” he said. According to the Department of Industrial Policy and Promotion (DIPP) proposal, any investment made by NRIs, OCIs and PIOs from their rupee account in India will not be treated as foreign investment.

Punjab Politics News

Punjab General News

RANA GURJIT SINGH INAUGURATES MARKFED SALES BOOTH AT LOHIAN

Thursday, 01/08/2019

https://www.brightpunjabexpress.com/index.php/2019/07/31/rana-gurjit-singh-inaugurates-markfed-sales-booth-at-lohian/

Jalandhar : In a major step to boost the rural economy besides providing employment to youth in villages, MARKFED has launched a sale booth in Lohian, which would, provides more than 100 eatable items.

 

NRI NEWS

Indian-Americans urge Trump to ‘fully support’ India on Kashmir

Sunday, 04/08/2019

https://www.tribuneindia.com/news/diaspora/indian-americans-urge-trump-to-fully-support-india-on-kashmir/813832.html

Washington : The Indian-American community in the US has urged the Trump administration to “fully support” India’s decision to revoke the constitutional provision that accorded special status to Jammu and Kashmir and to continue to exert pressure on Pakistan to end its support to cross-border terrorism.