Official data shows thatforeign direct investment (FDI)
rose 53 percent to $26.19 billionduring April-January 2011-12 from $17 billion in the year-ago period.
The government in 2010 had decided to come out with consolidated FDI policy paper summarising all the regulations including those of FEMA and Reserve Bank of India (RBI) for the benefit of foreign investors. It revises the policy every six months.
The department had released the last edition of consolidated FDI policy on September 30, 2011.
In the last edition, the government had allowed overseas investment in bee-keeping and share-pledging for raising external debt.
The conditions for FDI in respect of construction of old-
The consolidated document aims at helping foreign investors as it contains all the current regulatory framework and subsumes all FDI policies announced prior to the release of the paper. It also has regulations on FDI, contained in FEMA and RBI circulars.