FIPB :- Foreign Investment Promotion Board
It went about as a solitary window freedom for recommendations on outside direct speculation (FDI) in India. The Foreign Investment Promotion Board (FIPB) was housed in the Department of Economic Affairs, Ministry of Finance which was nullified on 24 May 2017, as declared by Finance Minister Arun Jaitley amid 2017-2018 spending discourse in Lok Sabha.
In a huge move went for speeding upstream of remote venture into the nation, the Union Cabinet changed the FDI arrangement encourage by enabling the FIPB to clear proposition from abroad elements worth up to ₹30 billion, against the current furthest reaches of ₹12 billion. Suggestions of FIPB for proposition up to ₹30 billion are affirmed by Minister of Finance. While suggestions for recommendations of more than ₹3000 crore should be affirmed by the Cabinet Committee on Economic Affairs (CCEA).
