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🇮🇳RBI JUST PROPOSED THE BIGGEST REWRITE OF INDIA'S FOREIGN INVESTMENT RULES SINCE 2019.
RBI says it wants to make foreign investment rules simpler.
New framework separates procedural FEMA rules from FDI policy, meant to let India change investment policy faster without a full regulatory overhaul each time.
Buried inside: a new control test that could reshape how every cross-border deal into India gets structured.
"Simplification" and "biggest rewrite since 2019" rarely mean the same thing, but here they're the same draft.