Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman informed the Lok Sabha the government is still deliberating on up to 54 foreign direct investment (FDI) proposals involving investors or beneficial owners from China and Hong Kong.
Additionally, she said that there was no plan to loosen the restrictions on foreign investments made by organizations from nations that share a land border with India.
Also read: Government Revoked License Of 18 Pharma Companies, Read Below To Know Why
Finance Minister further said, “According to the revised FDI policy, such entities or where the beneficial owner of an investment in India is located in or is a citizen of any such country, can invest only through the government route”.
“A transfer of FDI ownership in an Indian entity that results in beneficial ownership falling within the aforementioned jurisdiction (s) will also require approval from the Centre”, Nirmala Sitharaman added.
Also read: Foods To Boost Blood Flow And Circulation
The Supreme Court sought responses from the Centre and Uttarakhand on a petition challenging the…
The Supreme Court upheld Medha Patkar’s defamation conviction in a case filed by Delhi’s Lieutenant…
The Supreme Court will hear challenges to Waqf Act amendments limiting the Board’s authority over…
The Supreme Court has transferred a plea seeking an inquiry into Bihar’s frequent bridge collapses…
The second phase of budget session is underway in Parliament, and amidst ongoing protests, the…
Cutting sugar from your diet for 30 days can lead to noticeable improvements in your…