<h1>FDI Restrictions Lifted for Old Age Homes, Educational Institutions; New Export Incentives Before Diwali.</h1> The Union Minister of Commerce, Industry, and Textiles chaired the inaugural meeting of the Government-Industry Task Force, announcing the removal of FDI restrictions in the construction sector for old age homes and educational institutions. The government aims to attract foreign investments to enhance educational infrastructure. Discussions included industry challenges and government strategies to reduce transaction costs. The Finance Ministry plans to introduce a revamped duty drawback scheme. Export incentives will be announced before Diwali. FDI inflows have increased by 43%, with significant investments from British Petroleum. The government is also addressing FDI policies in the pharmaceutical sector and progressing with the DMIC project. Industry representatives expressed concerns over high interest rates, environmental issues, and labor rigidities.