FIPB – the Sunset Year

By | India Corporate Law | February 17, 2017
In the Budget Speech of February 1, 2017, the Finance Minister (FM) announced that the Government has “decided to abolish the Foreign Investment Promotion Board (FIPB) in 2017-18”. He also announced that the roadmap for the same is expected to be announced in the next few months, and in the meantime, “further liberalisation of FDI policy is under consideration.” Considering that the “Approval Route” now forms only 10% or so of the FDI inflow, this decision appears logical. View Full Post
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