Budget 2014-15 Highlights regarding Foreign Direct Investment (FDI) & Bank Capitalization

Saturday, July 12, 2014 | comments

Foreign Direct Investment (FDI)

>>>>  Government to promote FDI selectively in sectors.

>>>>  The composite cap of foreign investment to be raised to 49 per cent with full Indian management and control through the FIPB route.

>>>>  The composite cap in the insurance sector to be increased up to 49 per cent from 26 per cent with full Indian management and control through the FIPB route.

>>>>  Requirement of the built up area and capital conditions for FDI to be reduced from 50,000 square metres to 20,000 square metres and from USD 10 million to USD 5 million respectively for development of smart cities.

>>>>  The manufacturing units to be allowed to sell its products through retail including Ecommerce platforms.


Bank Capitalization

>>>>  Requirement to infuse Rs. 2,40,000 crore as equity by 2018 in our banks to be in line with Basel-III norms

>>>>  Capital of banks to be raised by increasing the shareholding of the people in a phased manner.

Download complete Budget Speech in PDF  Format
Download complete Budget Speech in Word Format

New Income Tax Rates or Slabs (Click Here)
Budget 2014-15  Highlights (Click Here)

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