Economy
India working on FDI clarifications for foreign money from its land-border neighbours
What's happening now
The Indian government is preparing clarifications in an FAQ format to ease issues surrounding Press Note 3 of 2020 (PN3), which mandates prior government approval for Foreign Direct Investment (FDI) from countries sharing a land border with India. Investors, particularly those routing funds through Hong Kong, face significant delays and bureaucratic hurdles, despite recent relaxations and updated standard operating procedures.
Source: Economic TimesRead the full story →