April 27, 2024 10:44 (IST)
Follow us:
Union Cabinet scraps Foreign Investment Promotion Board for easier flow of investments
New Delhi, May 24 (IBNS): The Union Cabinet on Wednesday scrapped years old Foreign Investment Promotion Board (FIPB) to facilitate easy foreign investments, according to media reports.
The relevance of FIPB was already reduced as most of the sectors in the regime of Modi government were opened up to allow foreign investors to set up shops in the country.
FIPB was a single window of allowing the proposals of foreign investments in the country which was created when the Congress led government was in power.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
After PM Modi's high-octane rally in Bengal, Trinamool Congress 'fact-checks' his charges Sat, Apr 27 2024
Arjuna awardee CRPF officer found guilty of sexual harassment charges, faces dismissal Sat, Apr 27 2024
Election 2024: Congress likely to decide on Amethi and Raebareli candidates on Saturday Sat, Apr 27 2024
Supreme Court rejects plea seeking 100 pct votes verification on EVMs, rules out returning to ballot papers Fri, Apr 26 2024
Lok Sabha Elections 2024: 2nd phase of voting concludes in 88 constituencies with 61% turnout by 5 pm Fri, Apr 26 2024
Rahul Gandhi targets Narendra Modi, says he is 'nervous' Fri, Apr 26 2024