Law needed for regulating FDI – UPSC GS3
Context: There is no clear law for national security screening of inward FDI in India. How India regulates foreign investments? India primarily uses FEMA to regulate Foreign Investments. RBI governs the Foreign Exchange Management Act (FEMA). Objectives of FEMA Facilitating external trade and payments. Promoting the orderly development and maintenance of foreign exchange markets in India. …