April 17, 2026 05:27 pm (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
‘Panic reaction’: Rahul Gandhi on women’s bill, says PM Modi ‘wants to send a message’
Fri, Apr 17 2026
Need to restore security and freedom of navigation in the Strait of Hormuz: Modi-Macron discuss amid West Asia crisis
Fri, Apr 17 2026
Amit Shah says delimitation will benefit southern states; opposition flags federalism concerns
Thu, Apr 16 2026
SpiceJet plane hits Akasa aircraft at Delhi airport, no injuries
Thu, Apr 16 2026