Government Introduces 100% FDI in Defence

Please watch: "PM Modi on Frankly Speaking with Arnab Goswami | Exclusive Full Interview" ►http://bit.ly/297mDAR -~-~~-~~~-~~-~- Government on Monday (June 20) relaxed Foreign Direct Investment (FDI) norms in a host of sectors including civil aviation, single-brand retail, defence and pharma by permitting more investments under automatic route. Other sectors in which FDI norms have been relaxed include e-commerce in food products, broadcasting carriage services, private security agencies and animal husbandry. "Now most of the sectors would be under automatic approval route, except a small negative list. With these changes, India is now the most open economy in the world for FDI," said an official statement. The decision to further liberalise FDI regime with the objective of "providing major impetus to employment and job creation in India" was taken at a meeting chaired by Prime Minister Narendra Modi. This is the second major reform in the FDI space. The Centre in last November had significantly relaxed the foreign investment regime. Subscribe to Times Now | Click Here ► http://goo.gl/U9ibPb ‘Download the official TIMES NOW mobile app – Give a missed call on 1800 4190 300. Stay updated, stay ahead.’ Subscribe Now To Our Network Channels :- The NewsHour Debate : http://goo.gl/LfNgFF ET Now : http://goo.gl/5XreUq To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Facebook - http://goo.gl/CC7rGc G+ - http://goo.gl/O1iEp5 Twitter - http://goo.gl/uHYsqP Also visit our website - http://goo.gl/XPUXe8