India News | FDI Rules Will Be Simplified, Says Sitharaman in Budget Speech

New Delhi, Jul 23 (PTI) Seeking to attract more funds into the country, Finance Minister Nirmala Sitharaman on Tuesday said rules for Foreign Direct Investment (FDI) will be simplified.

Presenting the Union Budget 2024-25, the minister said the government will bring out a five-year vision document for meeting financial needs of the economy.

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Efforts will also be made to nudge privatisation and use Indian rupee for overseas investments, she said.

Further, the government will develop taxonomy for climate finance as well as revamp Shram Suvidha Portal to enhance compliance for industry and trade.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)