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Government May Eliminate FDI Security Gaps Through Scrutiny Measures

Government May Eliminate FDI Security Gaps Through Scrutiny Measures

A proposal has been put forward by the Department for Promotion of Industry and Internal Trade (DPIIT) for an online filing of advance overseas investment returns on the Foreign Investment Facilitation Portal (FIFP), which will be accessible by the Reserve Bank of India (RBI), the Ministry of Home Affairs, and other concerned security agencies. This proposal came after a concern over rising foreign direct investment (FDI) equity inflows into strategic sectors like telecom as well as information technology (IT) and…

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