FICCI, CII welcome changes in FDI norms

The government has cleared 100 percent FDI in telecom, raised FDI in insurance to 49 percent, in asset reconstruction from 74 percent to 100 percent and in credit information companies from 49 percent to 74 percent.

Antony prevails, FDI cap in defence remains 26%

FDI cap in defence sector will remain at 26 percent and proposals beyond that will be considered by the Cabinet Committee on Security on case to case basis.

Govt considering hiking FDI cap in defence sector: Rajan

Amid concerns over rising Current Account Deficit (CAD), the Finance Ministry Tuesday said the government is examining the scope for raising foreign direct investment (FDI) cap in various sectors including defence.

Govt not considering amending FDI policy in defence sector

Commerce and Industry Minister Anand Sharma Monday informed Parliament that the government is not considering any proposal to amend FDI policy in defence, warehousing and food storage sectors.

India mulling raising FDI limit in defence to 49%

Commerce and Industry Minister Anand Sharma said Wednesday the government is considering raising the foreign direct investment limit in defence sector at least to 49 percent from the existing 26 percent.