CURRENT AFFAIRS

Detailed explanation-1: -The Foreign Investment Promotion Board (FIPB), housed in the Department of Economic Affairs, Ministry of Finance, is an inter-ministerial body, responsible for processing of FDI proposals and making recommendations for Government approval.

Detailed explanation-2: -The Foreign Investment Promotion Board (FIPB), housed in the Department of Economic Affairs, Ministry of Finance, is an inter-ministerial body, responsible for processing of FDI proposals and making recommendations for Government approval.

Detailed explanation-3: -Under the Government Route, prior approval of the Government of India, Ministry of Finance, Foreign Investment Promotion Board (FIPB) is required. Entry route for foreign investors as well as sector-specific investment limits in India are given in Annex-2. FDI Policy is formulated by the Government of India.

Detailed explanation-4: -Functions of Foreign Investment Promotion Board [FIPB] To approve foreign investment proposals as rapidly as possible. Reviewing FDI policies and communicating with other authorities, such as the Administrative Ministries, provides transparent norms that attract Foreign Direct Investments [FDI] into diverse sectors.