Budget 2014-15 Highlights regarding Foreign Direct Investment (FDI) & Bank Capitalization
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.
>>>> 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.
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Budget 2014-15 Highlights (Click Here)