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of <h1>RBI Issues Circular to Authorized Dealer Banks on Sector-Specific FDI Conditions Under FEMA Regulations; Aligns with Updated Policy.</h1> The Reserve Bank of India issued a circular to Category-I Authorized Dealer banks regarding foreign investment in India, highlighting sector-specific conditions. It references the Foreign Exchange Management Regulations, specifying sectors where Foreign Direct Investment (FDI) is prohibited and detailing entry norms, sectoral caps, and conditions for sectors where FDI is allowed under government and automatic routes. The Department of Industrial Policy and Promotion updated the FDI policy, aligning it with FEMA regulations. Amendments to the regulations will be issued separately. Banks are instructed to inform their clients of the circular's contents, issued under the Foreign Exchange Management Act.
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