The government is proposing relaxation of norms for foreign direct investment (FDI) in construction, a move that could open up funds flow into the financially stressed sector.
Under current rules, 100 per cent FDI is allowed through the automatic route in development of townships, housing and built-up infrastructure, subject to stringent conditions.
Tag: townships
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FDI norms in construction
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Cabinet nod for Land Acquisition Bill
The Union cabinet has approved the Land AcqÂuisition Bill. In the redefined version, a rider has been added that urban projects should be meant for production of goods or services for public.