Chennai: The government is constantly on target due to the ongoing economic slowdown in the country. The government announced several important steps to deal with it in the past which includes reforms in FDI rules. The government aims to attract investment from this reform. Union Minister for Minority Affairs Mukhtar Abbas Naqvi said about this government's move and said that it will increase foreign investment. He said that in recent times, the government has improved FDI rules for many sectors.

This will increase investment which will increase employment. He said that for some time, the government has been continuously improving in the field of economy. The announcements made by the government will make India a business-friendly place. This will provide equal opportunities to all sections of the society and people will prosper. The steps taken by the government will prove helpful in making the country a five-trillion dollar economy. The Union Minister said that India has made business easier in four areas.

This includes reforms such as starting a new business, resolving bankruptcy, doing business across borders and granting permits. The Insolvency and Bankruptcy Code (IBC) has played an important role in the improvement of the banking sector. Praising the merger decision of banks, Naqvi said that this is a big decision in the field of banking reform. Let us tell you that on August 28 this year, a new policy of FDI was introduced. Under this, the government has announced to simplify FDI norms in single-brand retail, besides approving 100% foreign investment in coal mining and contract manufacturing. The government allowed 26 per cent FDI in digital media on the lines of print media.

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