Meaning of Real Estate business widened by the government under its FDI policy

Recently, the government has widened the meaning of the Real estate business under its FDI policy.

Context
 Recently, the government has widened the meaning of the Real estate business
under its FDI policy.
Key points

? As per the definition under DPIIT(Department of promotion of industry and
internal trade) of real estate business, it includes dealing in land and immovable
property with an objective of earning a profit therefrom and does not include
development of townships, construction of residential or commercial buildings,
roads or bridges, educational institutions, recreational facilities, city, and
regional level infrastructure, township.
? As per the rule,100% FDI is allowed under the automatic route in construction
development townships, housing, built-up infrastructure.
? FDI policy prohibited FDI in the Real estate business and construction of
farmhouses and trading in transferable development rights.
? Also earning of rent or income on lease of property, not amounting to transfer
will not amount to real estate business.
What is FDI (Foreign direct investment)?

? FDI is the investment by a company in the company of another country. The
investment may involve acquiring foreign business assets, establishing
ownership, or controlling interest in a foreign country.
? FDI benefited a country not with money but also with skills, technology, and
knowledge.FDI commonly get an easy route in open economies that have skilled
workforce and growth prospect.
? The US ranked second to China in attracting FDI in the year 2020.
? India ranked 5th largest recipient of FDI inflows in the world as per the
UNCTAD report in 2020.
? In 2021 India stayed out of Kearney's FDI confidence index as per the global
consultancy firm report.
? Kearney FDI confidence index surveys annually the global business executives
and ranks the markets likely to attract the most investment in the next three
years.
Consumer price index(CPI) inflation  get a hit to 6.07% in February month
Context
?    As per the data released by the Ministry of statistics and program
implementation, CPI jumps to 6.07% which get over and above the RBI`s
threshold limit of 6%. 
Consumer price index(CPI) 

? Consumer Price Index measures the change in retail prices in a predetermined
basket of consumer goods and services such as transportation, food, and medical
care.
? This index is most frequently used to take a measure of inflation and deflation in
the country.
? Changes in CPI also assess the price changes associated with the cost of living.
? The change in price over a period of time is referred to as CPI-based inflation or
Retail inflation.
CPI formula -  Current price of the given basket / Base year price of the basket *
100
? It is released by the national statistical office of MOSPI on monthly basis.
? The Base year for CPI is 2012.
 
Types of CPI
     
    There is four  CPI in India three of which are related to the working class. 
1. CPI for industrial workers(CPI-IW)
2. CPI for agriculture laborers (CPI-AL)
3. CPI for Rural Labourers (CPI-RL)
4. CPI( Urban non-manual employees (CPI-UNME)
 Among these first three are compiled and published by Labour Bureau in the
ministry of labor and employment and the fourth one by NSO.