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FIPB Scrapped to enhance FDI

The Union Cabinet has decided yesterday to scrap the 25 year old Foreign Investment Promotion Board in order to ease the process of bringing the Foreign Direct Investments(FDI) under the Single Window Scheme. The FIPB had secretaries to various departments for vetting of applications and making recommendations to the government. From now on, all the approvals would be handled independently by administrative ministries of ... Read More »

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