New Delhi, March 11 -- The Union cabinet's decision on Tuesday to ease foreign direct investment (FDI) rules for countries that share a land border with India, including China, will still require "security and political clearances", similar to the process followed before the amendment to Press Note 3, a senior government official said. Explaining the two key changes to guidelines governing investments from countries sharing a land border with India (LBCs), Amardeep Singh Bhatia, secretary in the department for promotion of industry and internal trade (DPIIT), said the first would benefit investors not residing in LBCs, while the second would ensure time-bound clearances of investment proposals in specific sectors. The government on Tuesday ...