https://www.taxtmi.com/news?id=13811 Regulatory liberalisation expands the automatic route for foreign investment, permitting up to 100% FDI in most sectors while retaining approval or security review for sensitive areas. Defence allows up to 49% FDI under approval by an Indian company owned and controlled by resident citizens, with proposals above 49% referred to the Cabinet Committee on Security for technology-linked cases; FPI up to 24% in defence is on the automatic route. Rail infrastructure is opened broadly to private and FDI participation with specific exclusions and a safeguard for FDI beyond 49% in sensitive areas. Construction development norms have been eased and affordable housing projects receive targeted exemptions. en-us Fri, 02 Jan 2015 11:15:30 +0530 Fri, 02 Jan 2015 11:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13811 Regulatory liberalisation expands the automatic route for foreign investment, permitting up to 100% FDI in most sectors while retaining approval or security review for sensitive areas. Defence allows up to 49% FDI under approval by an Indian company owned and controlled by resident citizens, with proposals above 49% referred to the Cabinet Committee on Security for technology-linked cases; FPI up to 24% in defence is on the automatic route. Rail infrastructure is opened broadly to private and FDI participation with specific exclusions and a safeguard for FDI beyond 49% in sensitive areas. Construction development norms have been eased and affordable housing projects receive targeted exemptions. News - Fri, 02 Jan 2015 11:15:30 +0530 https://www.taxtmi.com/news?id=13811