RBI Relaxes RBI Norms

(Reserve Bank of India RBI) may ease norms for infrastructure funding www.ambitionias.com
  • The Reserve Bank of India relaxed several rules including foreign direct investment norms to boost start-up activity in the country.
  • To begin with, start-ups are allowed to receive foreign venture capital investment irrespective of the sector in which they operate.
  • “Proposal for permitting start-ups to receive Foreign Venture Capital Investments is a welcome step,” said Vivek Gupta, Partner, BMR Advisors.