The government on Monday said it has cleared 123 foreign direct investment (FDI) proposals worth over 19,711 crore rupees during the current fiscal till August 23. 

Minister of State for Commerce and Industry Jyotiraditya Scindia said in a written reply to the Lok Sabha that on August 23 this year, 21 proposals are pending before the Foreign Investment Promotion Board (FIPB). He also said that during the April-August 18, 2011-12, period, FIIs made investments worth USD 1.98 billion. 

In an another reply, he said that the Planning Commission has been asked to outline the further steps involved in the formation of a Cashew Board.