Cabinet may ease FDI norms in single-brand retail, insurance today

The government is likely to further ease foreign direct investment (FDI) norms, with the Cabinet on Wednesday expected to give its approval to relaxed norms in single-brand retail trade and insurance sectors.
 
In the Budget, the government had made clear its intent to further relax FDI norms in several sectors.
 
Earlier this year, Commerce and Industry Minister Piyush Goyal had said that the government was exploring ways to allow foreign investors in single-brand retail to meet their 30 per cent mandatory local sourcing requirement through other ways.
 
This includes counting the sourcing they do in India for