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of <h1>Government Approves Two FDI Proposals Worth Rs. 2.19 Crore; Cement Company Merger Awaits Further Approval.</h1> The government has approved two Foreign Direct Investment (FDI) proposals totaling approximately Rs. 2.19 crore. The first involves a pharmaceutical company seeking approval for Employee Stock Option Plans for non-resident employees. The second involves an investment company acting on behalf of dormant software companies. Additionally, a proposal for a significant share acquisition and merger by a cement company has been recommended for Cabinet Committee on Economic Affairs approval. Three proposals, including those from a telecom and pharmaceutical company, have been deferred, while seven others, spanning sectors like publishing and IT, have been rejected. One proposal was deemed outside the Foreign Investment Promotion Board's purview.
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