Union Budget 2019: FDI opened up further in media

Finance Minister Nirmala Sitharaman, while presenting her maiden Budget for 2019-2020, announced several sops to boost employment and infrastructure, particularly inland waterways, rural roads, passenger freight services. 

What is of importance for the media industry as the Finance Minister proposed that foreign direct investment (FDI) be opened up further in media, along with animation and aviation. She also announced that 100 per cent FDI will be allowed in insurance intermediaries.

The Minister also provided further incentives to grow the electric vehicles sector.  

Watch this space for further developments.