FM Arun Jaitley chairs meeting on FDI policy in certain sectors

By: |
New Delhi | Published: August 14, 2017 3:14:43 PM

Finance Minister Arun Jaitley today chaired a meeting to review foreign direct investment (FDI) policy in certain sectors, sources said.

Finance Minister, Arun Jaitley, FDI, Foreign Direct Investment, Nirmala Sitharaman,  multi brand retail, FDI Policy, meeting reviewDefence Minister Arun Jaitley. (ANI)

Finance Minister Arun Jaitley today chaired a meeting to review foreign direct investment (FDI) policy in certain sectors, sources said. The meeting was attended by Commerce and Industry Minister Nirmala Sitharaman, Power Minister Piyush Goyal and senior officials in the Department of Industrial Policy and Promotion (DIPP), sources added. Sources, however, remained tight-lipped about the deliberations held in the meeting. Sources said the meeting appears to be a follow up of the meeting Prime Minister had called last month on FDI policy.

The meeting assumes significance as the government is considering to liberalise FDI policy in certain sectors such as single brand retail, multi brand retail and construction. The government is relaxing norms to provide investor friendly climate to foreign players, and in turn, attract more FDI to boost economic growth and create jobs. Foreign direct investment in the country grew by 9 per cent to $43.47 billion in 2016-17.

Do you know What is Centrally Sponsored Scheme, Non Tax Revenue, Non Debt Capital Receipts, Consolidated Fund of India, Disinvestment? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1India July retail inflation seen picking up for first time in 4 months
2UDAY scheme: Smarter operations must for success
3Maharashtra posts slow growth in recovery of taxes, arrears in FY16: CAG report