India-Japan relations enter new era

INVITES INVESTORS: Wooing Japanese investors with promise of speedy clearances, Prime Minister Narendra Modi proposed co-opting two Japanese nominees in a decision-making team under PMO dedicated to facilitate investments. The Prime Minister also declared that legislative changes will be brought forward to give effect to "bold" decisions taken by his government to allow 100 per cent FDI in railways and raising the FDI cap in defence and insurance sectors.