The Government today introduced a concept of composite cap for all kinds of overseas inflows including through FDI, FII and NRI routes. Mentioning that the concept of composite caps has been introduced for simplification of foreign investment norms, Finance Minister Arun Jaitley said that from now onwards, all FIIs, NRIs and other foreign investments will be clubbed and it will be constituted as a composite cap. Official said that however, individual FDI and FII limits would continue in two sectors, banking and defence. It will provide options to both foreign and domestic investors, but official also said that no changes have been made with regard to specific foreign investment norms for the banking and defence sectors.