https://www.taxtmi.com/news?id=4084 The Government amended sectoral FDI permissions and incorporated those changes into the FEMA Regulations (Sixth Amendment, 2012), specifying permitted foreign equity limits in defence, single brand and multi brand retail, air transport companies, and power exchanges, with applicable conditionalities and prior approval where required. The policy attaches safeguards, a local sourcing requirement to encourage value addition, and procedural assessment of pending single brand retail proposals against these parameters without a fixed decision timeline. en-us Mon, 26 Nov 2012 17:34:41 +0530 Mon, 26 Nov 2012 17:34:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4084 The Government amended sectoral FDI permissions and incorporated those changes into the FEMA Regulations (Sixth Amendment, 2012), specifying permitted foreign equity limits in defence, single brand and multi brand retail, air transport companies, and power exchanges, with applicable conditionalities and prior approval where required. The policy attaches safeguards, a local sourcing requirement to encourage value addition, and procedural assessment of pending single brand retail proposals against these parameters without a fixed decision timeline. News - Mon, 26 Nov 2012 17:34:41 +0530 https://www.taxtmi.com/news?id=4084