FIPB approval limit hiked |
Indian government of Prime Minister Narendra Modi is proving its business agenda. A move aimed at enhancing the ease of doing business led the Cabinet Committee on Economic Affairs to raise the investment limit for cases requiring approval of the Foreign Investment Promotion Board (FIPB). The Cabinet approved a memorandum of understanding (MoU) inked with the country of Seychelles on renewable energy cooperation signed during Prime Minister Narendra Modi`s visit to Seychelles. The CCEA approved the modifications in the Mega Food Park Scheme guidelines to streamline the implementation of the scheme.
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