{"id":9448,"date":"2016-06-20T20:02:31","date_gmt":"2016-06-20T14:32:31","guid":{"rendered":"http:\/\/www.generalknowledgetoday.com\/?p=9448"},"modified":"2016-06-20T20:02:31","modified_gmt":"2016-06-20T14:32:31","slug":"fdi-norms-eased-in-pharma-aviation-defence","status":"publish","type":"post","link":"https:\/\/generalknowledgetoday.com\/?p=9448","title":{"rendered":"FDI Norms Eased In Pharma, Aviation, Defence"},"content":{"rendered":"<article class=\"articlecontent loaded\" data-aop=\"article\">\n<section class=\"articlebody\" data-aop=\"articlebody\"><a href=\"http:\/\/www.generalknowledgetoday.com\/fdi-norms-eased-in-pharma-aviation-defence-9448.htm\/aviation\" rel=\"attachment wp-att-9449\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-9449\" src=\"http:\/\/www.generalknowledgetoday.com\/wp-content\/uploads\/2016\/06\/AVIATION-300x168.jpg\" alt=\"AVIATION\" width=\"395\" height=\"221\" \/><\/a><\/p>\n<p>Delhi : Hours after Raghuram Rajan said he will not seek a second term as Reserve Bank chief, the government on Monday eased foreign direct investment (FDI) norms in pharma, aviation and defence sectors.<\/p>\n<p>The major reform is seen as a bid to calm foreign investors, rattled by the exit of Dr Rajan.\u00a0The decision was taken at a high-level meeting chaired by Prime Minister Narendra Modi today.<\/p>\n<p>Under the new norms, 74 per cent FDI would be allowed in pharma sector under the automatic route, which means that investors will not need government&#8217;s approval to invest up to 74 per cent in existing companies. Currently, FDI up to 100 per cent is permitted in new projects in the pharmaceutical sector.<\/p>\n<p>The government also allowed 100 per cent FDI in scheduled airlines. Foreign airlines are currently allowed to own only 49 per cent in a local airline.<\/p>\n<p>In the crucial defence sector, foreign companies can own 100 per cent equity, according to the latest rules.<\/p>\n<p>The government had last year relaxed FDI norms in about dozen sectors, a move that helped FDI flows to hit an all-time high of $40 billion in 2015-16.<\/p>\n<\/section>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>Delhi : Hours after Raghuram Rajan said he will not seek a second term as Reserve Bank chief, the government on Monday eased foreign direct investment (FDI) norms in pharma, &hellip; <a href=\"https:\/\/generalknowledgetoday.com\/?p=9448\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":9449,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97],"tags":[],"class_list":["post-9448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-india","entry"],"_links":{"self":[{"href":"https:\/\/generalknowledgetoday.com\/index.php?rest_route=\/wp\/v2\/posts\/9448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/generalknowledgetoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/generalknowledgetoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/generalknowledgetoday.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/generalknowledgetoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9448"}],"version-history":[{"count":0,"href":"https:\/\/generalknowledgetoday.com\/index.php?rest_route=\/wp\/v2\/posts\/9448\/revisions"}],"wp:attachment":[{"href":"https:\/\/generalknowledgetoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/generalknowledgetoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/generalknowledgetoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}