FDI Norm Relaxation In Media, Aviation, Insurance, Single Brand Retail: Sitharaman
  • WebDesk BTVI
  • Jul 05 2019

The government proposed relaxation in the FDI norms for sectors such as media, aviation, insurance, and single brand retail with a view to attract more overseas investment. Finance Minister Nirmala Sitharaman said 100 per cent foreign direct investment will be permitted for insurance intermediaries, and local sourcing norms will be eased for FDI in single brand retail sector.