<h1>Government Approves Seven FDI Proposals Worth Rs. 5,240.35 Crore in Finance and Digital Publishing Sectors.</h1> The government has approved seven foreign direct investment (FDI) proposals totaling approximately Rs. 5,240.35 crore based on recommendations from the Foreign Investment Promotion Board. These include investments in sectors such as alternative investment funds, financial services, and digital publishing. Notable approvals involve significant contributions to funds like India Advantage Fund and Menterra Social Impact Fund, as well as investments in companies like L&T Finance Holdings and Extramarks Education. Four proposals were deferred, including acquisitions in the non-banking financial company sector and IT services, while five proposals were rejected, primarily involving limited liability partnerships and telecom investments. One proposal was deemed outside the FIPB's purview.