Foreign Investment Promotion Board (FIPB) has recently cleared major 6 FDI proposals in the country. Which of the following statements regarding the Foreign Investment Promotion Board (FIPB) is true?a)The Foreign Investment Promotion Board (FIPB) is responsible for the processing of FDI proposals and making recommendations for Government approval.b)The Foreign Investment Promotion Board (FIPB), housed in the ministry of commerce.c)The sectors under automatic route may also require any prior approval from FIPB.d)e.c. The sectors under automatic route may also require any prior approval from FIPB.Correct answer is option 'A'. Can you explain this answer?

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Foreign Investment Promotion Board (FIPB) has recently cleared major 6 FDI proposals in the country. Which of the following statements regarding the Foreign Investment Promotion Board (FIPB) is true?

a)
The Foreign Investment Promotion Board (FIPB) is responsible for the processing of FDI proposals and making recommendations for Government approval.
b)
The Foreign Investment Promotion Board (FIPB), housed in the ministry of commerce.
c)
The sectors under automatic route may also require any prior approval from FIPB.
d)
e.c. The sectors under automatic route may also require any prior approval from FIPB.

Correct answer is option 'A'. Can you explain this answer?

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Foreign Investment Promotion Board (FIPB) has recently cleared major 6...

The Foreign Investment Promotion Board (FIPB), housed in the Department of Economic Affairs, Ministry of Finance, is an inter-ministerial body, responsible for the processing of FDI proposals and making recommendations for Government approval.
The extant FDI Policy, Press Notes and other related notified guidelines formulated by the Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce and Industry are the bases of the FIPB decisions. In the process of making recommendations, the FIPB provides significant inputs for FDI policy-making.
The Foreign Investment Promotion Board (FIPB) offers a single window clearance for applications on Foreign Direct Investment (FDI) in India that are under the approval route. The sectors under automatic route do not require any prior approval from FIPB and are subject to only sectoral laws.

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Foreign Investment Promotion Board (FIPB) has recently cleared major 6 FDI proposals in the country. Which of the following statements regarding the Foreign Investment Promotion Board (FIPB) is true?a)The Foreign Investment Promotion Board (FIPB) is responsible for the processing of FDI proposals and making recommendations for Government approval.b)The Foreign Investment Promotion Board (FIPB), housed in the ministry of commerce.c)The sectors under automatic route may also require any prior approval from FIPB.d)e.c. The sectors under automatic route may also require any prior approval from FIPB.Correct answer is option 'A'. Can you explain this answer?

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