Nepal, Jan. 24 -- The government has removed the ceiling of the foreign direct investment (FDI) proposed to inject in the country via automatic route.

A cabinet meeting held on Thursday permitted the Ministry of Industry, Commerce and Supplies to scrap the limit on FDI inflows via online platforms. In a press meet organized on Friday, the government's Spokesperson and Home Minister Om Prakash Aryal informed about the government's latest decision in this regard.

As of now, the ceiling has been maintained at Rs 500 million, with an exception to the firms related to information and technology. To facilitate the one-window policy effective for foreign investors, the government has been enforcing an automated system for FDI, which initially...