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    <title>Government Approves Ten (10) Proposals of Foreign Direct Investment (FDI) Amounting to 607 Crore Approximately; Recommends One Proposal for Approval of CCEA Involving FDI of 5856.51 Crore.</title>
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    <description>The Government approved ten FDI proposals and recommended one significant telecom acquisition to the CCEA under the FDI policy. Approved items include share transfers, ESOP issuances and fresh equity subscriptions, conversion of an overseas subsidiary&#039;s activity, downstream investments and authorization to act as a BBPOU. Eight proposals were deferred for further scrutiny, five were rejected for failing to satisfy policy or compliance expectations, and two were held to lie outside the Board&#039;s remit. The actions apply sectoral FDI norms across telecom, pharma, insurance, e commerce, infrastructure and power.</description>
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    <pubDate>Tue, 16 Feb 2016 11:59:15 +0530</pubDate>
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      <title>Government Approves Ten (10) Proposals of Foreign Direct Investment (FDI) Amounting to 607 Crore Approximately; Recommends One Proposal for Approval of CCEA Involving FDI of 5856.51 Crore.</title>
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      <description>The Government approved ten FDI proposals and recommended one significant telecom acquisition to the CCEA under the FDI policy. Approved items include share transfers, ESOP issuances and fresh equity subscriptions, conversion of an overseas subsidiary&#039;s activity, downstream investments and authorization to act as a BBPOU. Eight proposals were deferred for further scrutiny, five were rejected for failing to satisfy policy or compliance expectations, and two were held to lie outside the Board&#039;s remit. The actions apply sectoral FDI norms across telecom, pharma, insurance, e commerce, infrastructure and power.</description>
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