<h1>Finance Minister Approves 12 FDI Proposals Worth Rs. 354.13 Crore; Key Sectors Include Telecom and Financial Services.</h1> The Finance Minister has approved 12 Foreign Direct Investment (FDI) proposals, totaling approximately Rs. 354.13 crore, as recommended by the Foreign Investment Promotion Board. The approved proposals span various sectors, including commerce, information technology, road transport, financial services, industrial policy, mines, and telecommunications. Notable approvals include a joint venture in telecom services and increased foreign investment in financial intermediaries. Eight proposals were deferred, involving sectors such as real estate, GPS technology, and tobacco. One proposal was rejected, related to equity issuance in single-brand retail trading. Another company was advised to reapply under new telecom guidelines.