CURRENT AFFAIRS

2017

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Who release the consolidated FDI policy?

A	The Department of Industrial Policy & Promotion (DIPP)
B	Department of Agriculture
C	Department of Forest
D	Department of Tax and Excise Duty

Explanation:

Detailed explanation-1: -FDI Policy | Department for Promotion of Industry and Internal Trade | MoCI | GoI.

Detailed explanation-2: -Proposals for raising FDI beyond 49% from such companies will require Government approval. Licence applications will be considered by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, in consultation with Ministry of Defence and Ministry of External Affairs.

Detailed explanation-3: -The government began liberalising FDI during 1980-91 with the Industrial Policy Statements of 1980 and 1982 followed by the Technology Policy Statement in 1983.

There is 1 question to complete.