Business

Finance Minister Nirmala Sitharaman: 54 China FDI Proposals Pending

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

Spriha Rai

Recent Posts

Renowned Folk Singer Sharda Sinha Passes Away At 72; PM Modi Expresses Condolences

PM Modi expressed sorrow over Sinha’s death. "The passing of Sharda Sinha ji is deeply…

4 hours ago

US Election: India Confident Of Strong US Relations And Quad Continuity, Says Jaishankar

Jaishankar noted that the US-India relationship has flourished under both Democratic and Republican leadership, including…

5 hours ago

Sanskriti Diwas Marks 98th Birth Anniversary Of Kashiraj Dr Vibhuti Narayan Singh

Program coordinator Chakravarti Vijay Navad announced that 11 prominent individuals received the Kashiraj Dr. Vibhuti…

5 hours ago

Mallikarjun Kharge Slams ‘Batenge Toh Katenge’ Slogan During Jharkhand Campaign

Kharge emphasized that the BJP leaders promote divisive rhetoric as part of their agenda. He…

7 hours ago

Police Arrest Two In Fake Marriage Certificate Racket In Name Of Arya Samaj

DCP Nagar Abhishek Bharti revealed that five couples, including Shivani and Shrikant Yadav, recently filed…

7 hours ago

India And Nigeria Strengthen Counter-Terrorism Cooperation In Second Strategic Dialogue

Doval and Ribadu held detailed talks on challenges linked to terrorism and radicalization, including those…

8 hours ago