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    <title>Central Government Approves Twelve (12) Proposals of Foreign Direct Investment Amounting to about Rs. 343.99 Crore</title>
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    <description>Central Government approved twelve FDI proposals per FIPB recommendations totaling about Rs. 343.39 crore, covering equity swaps, post facto regularisation of NRI/foreign inflows, downstream investments, increase of foreign equity in brownfield pharma, corporate restructuring of NBFCs and issuance of shares for non cash consideration. Four proposals were deferred, three rejected, two advised to use the automatic route, two placed in abeyance pending brownfield pharma policy, and several other matters were kept in abeyance, withdrawn, or required clarifications.</description>
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    <pubDate>Tue, 06 Aug 2013 18:13:23 +0530</pubDate>
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      <description>Central Government approved twelve FDI proposals per FIPB recommendations totaling about Rs. 343.39 crore, covering equity swaps, post facto regularisation of NRI/foreign inflows, downstream investments, increase of foreign equity in brownfield pharma, corporate restructuring of NBFCs and issuance of shares for non cash consideration. Four proposals were deferred, three rejected, two advised to use the automatic route, two placed in abeyance pending brownfield pharma policy, and several other matters were kept in abeyance, withdrawn, or required clarifications.</description>
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