Click it and Unblock the Notifications
Just In
Don't Miss
-
Who Won Yesterday's IPL Match 34? LSG vs CSK, IPL 2024 on April 19: KL Rahul Stellar Batting Show Decimate Chennai Bowling -
Rs 17/Share Dividend: Record Date On April 26; Buy The ICICI Group Stock To Be Eligible? -
Chief Detective 1958 Episode 2 OTT Release Date, Time, Platform: When & Where To Watch? What To Expect? DEETS -
Golden Rules To Follow For Happy Marriage For A Long Lasting Relationship -
Exam Pressure Does Not Exist; Studying Punctually is Crucial; Says Aditi, the PSEB 2024 Topper -
Suzuki Swift Hatchback Scores 4 Star Safety Rating At JNCAP – ADAS, New Engine & More -
Dell Introduces AI-Powered Laptops and Mobile Workstations for Enterprises in India -
Journey From Delhi To Ooty: Top Transport Options And Attractions
What is Foreign Investment Promotion Board?
All about the Foreign Investment Promotion Board
Finance Minister Arun Jaitley on Wednesday announced Foreign Investment Promotion Board. Jaitley said that this was being done to introduce further FDI reforms. What is the FIPB and what was its role.
The board
This is the designated institution which considered FDI proposals that require government approval. It also grants composite approvals involving foreign investment/ foreign technology. According to Indianeconomy.net, as per the June 2016 FDI policy revision, the FIPB could give recommendations of FDI proposals below Rs 5,000 crore to the minister of finance for consideration.
As most of the FDI proposals are below Rs 5,000 crore, it is well understood that almost all FDI proposals are examined by the FIPB.
The function of the FIPB was to to quickly approve the foreign investment proposals and also review FDI policies and communicate with other agencies to set up guidelines that are transparent and which encourage FDI into the various sectors.
The FIPB would also overlook the implementation of the various proposals those have been approved by it. The FIPB would also communicate with government, non-government and industry in order to increase the flow of FDI onto the country.
OneIndia News
