Govt approved 20 foreign direct investment of Rs 1,034 crore
PrintListen to this Article
The Government today approved 20 foreign direct investment proposals amounting to around Rs 1,034 crore. The proposals were cleared following recommendations of the Foreign Investment Promotion Board.
According to the Ministry of Finance release, the Government cleared Singapore-based Fluke South East Asia Pte's Rs 400-crore proposal to incorporate an investing company to make downstream investments in other Indian firms engaged in wholesale trading and related activities. Besides, the Board also cleared a proposal of Rs 300-crore for a Mauritius-based company.
However, decision on 15 proposals, including that of Ashok Leyland Defence Systems, was deferred and two others were rejected.
Category : Finance | Comments : 0 | Hits : 255
Today, Finance Minister Nirmala Sitharaman presented the 16th Finance Commission report in the Lok Sabha, outlining recommendations for the devolution of tax revenues between the Centre and the states...
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the Terms of Reference for the Sixteenth Finance Commission. The Terms of Reference for the Sixteenth Finance Comm...
Finance Act, 2023 – Assented by President
Finance Act, 2023 received the assent of the President on the 31st March, 2023. Finance Bill, 2023 receives President's assent on Mar 31, 2023 and now its Finance Act, 2023. The Financ...
Comments