Govt Relaxes FDI Norms For Several Sectors To Boost Growth
  • WebDesk BTVI
  • Aug 28 2019

The Union Cabinet announced a slew of measures on Wednesday, the most important one being 100 per cent FDI in coal mining and related activities through the automatic route. Other decisions include nod to 75 new medical colleges with investment of Rs 24,275 crore and sugar export subsidy for 60 lakh MT of sugar. It also eased local sourcing norms for FDI in single-brand retail and approved 26% FDI with government approval in digital news media.