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Govt. amends norms relating to non-debt instruments; hikes FDI limit in defence sector upto 74%: FDI Policy

December 8, 2020
Govt. has notified amendment to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 whereby amendment has been made to the Rule 6 by inserting a fourth proviso providing that a Multilateral Bank or Fund, of which India is a member, shall not be treated as an entity of a particular country nor shall any country be treated as the beneficial owner of the investments of such Bank or Fund in India. Also notifies hike in FDI limit in Defence Sector upto 74% under automatic route.
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