Saturday, October 15, 2011

GOVT RAISES FDI CAP IN FM RADIO TO 26%

The government has relaxed the Foreign Direct Investment (FDI) norms for the FM radio segment by
raising the limit of Foreign Capital inflows to 26 per cent from 20 per cent. It has also eased the FDI norms regarding construction of old-age homes and educational institutions. These amendments were done as part of the fourth revision of the Consolidated FDI Policy.

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