Freeing FDI

Given how finance minister P Chidambaram has travelled from Singapore to Washington to woo foreign direct investment (FDI) over the past few months, his planned cleaning up of FDI norms can’t come a day too soon. Apart from the distinction between FDI and FII that needs to be cleared up given that all it has done is to encourage regulatory arbitrage by disguising one as the other...

Read Full Story>>