Govt Relaxes FDI

Government has allowed 100 per cent FDI in single retail brand to bring in greater flexibility and ease of operations for the Single Brand Retail Trading (SBRT) entities, besides creating a level playing field for companies with higher exports in a base year. It has also allowed FDI under automatic route in contract manufacturing which will give a big boost to manufacturing sector in India. For the digital media, 26 per cent FDI under government approval route has been allowed for streaming of news and current affairs.