<h1>Wells Fargo's FDI Proposal Approved for Rs. 1.90 Crore; SBI Macquarie's Repatriation Plan Rejected by Ministry of Finance.</h1> The Department of Economic Affairs, Ministry of Finance, reviewed two Foreign Direct Investment (FDI) proposals totaling Rs. 1.90 crore in November 2017. One proposal, from Wells Fargo International Finance (India) Pvt Ltd, was approved for issuing equity shares to meet obligations related to pre-operative expenses and the voluntary liquidation of Wells Fargo India, amounting to Rs. 1.90 crore. Another proposal from SBI Macquarie Infrastructure Management Pvt Ltd, seeking approval for capital and profit repatriation to shareholders and to continue operations without meeting minimum capitalization norms, was rejected.