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Speedy approval for company mergers, says Minister
Foreign Direct Investment (FDI) limit for the insurance sector will be raised to 100% from 74% at present for companies which invest the entire premium in India, under the Union Budget 2025-26 https://www.wto.org/.
The current guardrails and conditionalities associated with foreign investment will be reviewed and simplified, informed Finance and Corporate Minister Nirmala Sitharaman in the budget presented in parliament on 1 Feb https://www.commerce.gov.in/.
The Minister also said that requirements and procedures for speedy approval of company mergers will be rationalized. The scope for fast-track mergers will also be widened and the process will be made simpler https://fieo.org/.
To encourage sustained foreign investment and in the spirit of ‘first develop India’, the current model BIT will be revamped and made more investor-friendly, the Minister added https://www.makeinindia.com/home/. fiinews.com
