<h1>Finance Minister Approves 12 FDI Proposals Worth Rs. 1414.65 Crore Across Multiple Sectors; Nine Deferred, One Rejected.</h1> The Finance Minister approved 12 Foreign Direct Investment (FDI) proposals recommended by the Foreign Investment Promotion Board, totaling Rs. 1414.65 crore. These proposals span various sectors, including commerce, economic affairs, heavy industry, information broadcasting, information technology, and telecommunications. Notable approvals include a joint venture for mortgage guarantee activities and the manufacture of automotive and marine transmission products. Nine proposals were deferred, involving companies seeking conversion to holding companies or expanding their service offerings. One proposal was rejected, involving ex-post-facto approval for a holding company activity.