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Cabinet approves foreign investment in other Financial Services sector

News and Press Release - Dated:- 11-8-2016 - The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to amend regulation for foreign investment in the Non- Banking Finance Companies (NBFCs). The amendment in the existing Foreign Exchange Management (Transfer or Issue of Security by the Person Resident Outside India) regulations on Non- Banking Finance Companies (NBFCs) will enable inflow of foreign investment in Other Financial Services on automatic route provid .....

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