<h1>Cabinet Approves Higher Investment Limit for FIPB Approvals to Streamline Foreign Investment Inflows Up to Rs. 3000 Crore.</h1> The Cabinet Committee on Economic Affairs, led by the Prime Minister, approved a proposal to revise the investment limit for cases requiring Foreign Investment Promotion Board (FIPB) approval. The Finance Minister will consider FIPB recommendations for foreign equity inflows up to Rs. 3000 crore, while proposals exceeding this amount will be reviewed by the Cabinet Committee. The FIPB Secretariat will process these recommendations for approval. This change aims to streamline the approval process and boost foreign investment. Most sectors are under the automatic route, requiring only notification to the Reserve Bank of India, with no prescribed limit for foreign investment.