FDI powers to RBI may cut processing time sharply\, to improve ease of doing biz

MUMBAI:Foreign investors could experience an improved ease of doing business environment in the coming days and weeks after the government’s rule change gave the Reserve Bank of India greater say in administering all issues relating to foreign direct investment (FDI). In a notification dated July 27, the central government gave the Reserve Bank of India (RBI) the powers to administer the FDI regime, which include allowing the central bank to