Budget 2024: FDI Norms To Be Simplified To Boost Investment & Promote Indian Rupee
Finance Minister Nirmala Sitharaman has announced that the rules for Foreign Direct Investment (FDI) will be simplified to attract more investment into India. During her budget speech, she outlined three main objectives: to facilitate foreign direct investments, encourage prioritization, and promote the use of the Indian Rupee for overseas investments. Sitharaman also mentioned plans to issue a five-year vision document to address the financial needs of the economy. Additionally, the government will revamp the Shram Suvidha Portal to enhance compliance for industry and trade
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