FDI Policy

RBI has issued a circular dated 28th June 2012 wherein it has made some changes in the FDI policy in the form of bringing in uniformity in sector classification in the FDI. A Copy of the said circular can be found here
The Annex A and B of Schedule I is the most important document of the FDI Policy as it gives the sectoral classification. I would have thought the RBI should have been more specific while issuing circulars and given exact changes made in the FDI policy.

RBI goes digital

At last RBI is going digital - i mean they are now implementing an online tracking system for the applications submitted to them under various provisions of FEMA - this will bring in the much needed transparency as well reduce unnecessary visits to their office to seek status of the applications. Details of their online system can be found here