News > FDI reform 2.0: Banking, defence, insurance reforms on table

FDI reform 2.0: Banking, defence, insurance reforms on table

The government is examining if foreign direct investment norms (FDI) for banking, insurance and defence can be further liberalised after rules were relaxed for the space and satellite sectors recently. Officials said that although the bulk of the heavy lifting in terms of FDI reforms has been completed, talks are ongoing to see if conditions for these key sectors can be further eased. Any changes will be made after the elections that end on June 1.