Published in:
The Economic Times
Pubished on:
13 Apr 2016
To improve ease of doing business for foreign entities, the government today relaxed approval process for setting up of their branch, liaison and project offices in the country.
Except for defence, telecom, private security, information and broadcasting and non-government organisation sectors, such approvals can now be given by certain banks, as against the earlier requirement of RBI approval for the same, the Finance Ministry said in a statement.