CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who heads the panel constituted by government of India to examine Chinese foreign investment proposals?
A
Rajive Gauba
B
G.K Pilai
C
Ajay Kumar Bhalla
D
P>K Sinha
Explanation: 

Detailed explanation-1: -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.

Detailed explanation-2: -Dr Arvind Mayaram Committee was set up for Foreign Direct Investment.

Detailed explanation-3: -This statistic shows the annual flow of foreign direct investments from China to India between 2011 and 2021. In 2021, the FDI outflow from China to India reached around 279.5 million U.S. dollars.

Detailed explanation-4: -In May 2022, India received FDI investments of Rs. 494 crore (US$ 61.91 million) in the defence manufacturing sector. In May 2022, Italian financial services major Generali completed the acquisition of a 25% stake in Future Generali India Insurance from Future Enterprises for Rs. 1, 252.96 crore (US$ 161.92 million).

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