Govt relaxes FDI norms for Indian diaspora

22-May-2015 #Global Indians Source: Business Today

The government is on the way to liberalise foreign direct investment norms for NRIs and overseas citizens of India (OCI) aiming to increase capital flows into the country. Under the new policy, the non-repatriable NRI funds would be treated as domestic investments in order to channelise the funds of NRIs.

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