The government may soon allow 100% foreign direct investment (FDI) in commodity broktiig. The proposal has obtained in principle approval from the finance ministry and department of industrial policy & promotion (DIPP). However views of the Reserve Bank of India (RBI) are awaited and a filial decision is expected after the central bank announces its stand on the issue. As of now, only 12 services under the financial services category are open for FDI. Once the current proposal is passed, commodity broking would be added to the list.
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