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Apr 30, 2016
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FIPB clears Rs 13K cr FDI proposals, Axis Bank cleared
Government panel FIPB today cleared Rs 13,030 crore worth of foreign direct investment (FDI) proposals, including that of hiking foreign investment limit in Axis Bank.“FDI proposals for more than Rs 13,000 crores recommended for approval. Inflow of investments continue,” Economic Affairs Secretary Shaktikanta Das said.
The Foreign Investment Promotion Board (FIPB) in its meeting today cleared 5 out of 14 proposal, a finance ministry official said.
Source -
http://www.financialexpress.com
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