News Details
Category : Economy
Headline : Report on Violation of FDI Norms
Date: 11/07/2019 13:01
For alleged violation of FDI norms, Enforcement Directorate is conducting investigation in 581 cases under Foreign Exchange Management Act, 1999 (FEMA). Disclosure of other details of these cases may not be in large public interest as the same may adversely impact the ongoing investigations.

Government has put in place an enabling and investor friendly FDI policy. The intent is to make the FDI policy more investor friendly and remove the policy bottlenecks that have been hindering investment inflows into the country. The onus of compliance with the FDI norms lies on the entity that is the recipient of FDI.

FDI inflows have been going up each year, as against any of the previous years. In financial year 2016-17, it was USD 60.22 billion; in financial year 2017-18, it was USD 60.97 billion; in financial year 2018-19, it was USD 64.38 billion and in financial year 2019-20 (up to April, 2019), it is USD 6.95 billion.