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Business & Economy – Current Affairs – June 2016 – Govt Jobs 2016

Union Government establishes radical changes across the FDI Policy system; Grants 100 percent FDI in the Defense Sector

On 20th June 2016, Union Government radically changed India’s FDI (Foreign Direct Investment) Policy System by granting 100 percent FDI in the Defense sector. The objective behind this radical shift was speeding up the job creation and employment process in India. The various changes incorporated in the FDI policy included improving sectorial caps, automization as well as easing the foreign investments in India. The radical shifts in food production and manufacturing in India included 100 percent FDI permit under the government approved trading route. Similarly FDI in the Defense Sector has been increased to 100 percent.

UNCTAD releases WIR (World Investment Report) 2016

On 21st June 2016, the UNCTAD (United Nations Conference on Trade and Development) released the WIR (World Investment Report) 2016. The title of this report was ‘Investor Nationality: Policy Challenges’. The report analyzed the new ability of policymakers to distinguish between “foreign” and “domestic” entities across the globalized economy. It also highlights their ability to provide framework for ownership problems in this new investment policymaking scenario.

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