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Friday, 12 August 2016

100% FDI in Commodity Broking and Clearing Services

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100% FDI in Commodity Broking and Clearing Services

100 per cent foreign investment in commodity broking Cabinet on Wednesday approved. Also in the financial services has been 100 per cent FDI. NBFCs to Foreign Exchange Management Regulations approved by the Cabinet.

2016-17 Budget, Finance Minister had announced foreign investment. RBI and SEBI regulations to meet the financial services through the automatic route have been approved to invest 100 per cent. Currently, only 18 special banking services through the automatic route can be 100 per cent.

The move is expected to increase foreign investment in the country.

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