Government approves four FDI proposals based on the recommendations of 241st Meeting of Foreign Investment Promotion Board (FIPB) held on 27th October 2016 https://www.taxtmi.com/news?id=16932 Central Government approved four FDI proposals on FIPB recommendations: ex post facto approval for non news publication activity; approval to set up a wholly owned subsidiary by an overseas university with phased convertible instrument investment; approval for a foreign owned pharmaceutical company to acquire an Indian NBFC; and approval for issuance of equity to a foreign investor in connection with up linking of news and current affairs channels. Several other proposals were deferred, some rejected for defence related or downstream investment concerns, and three were held not to lie before FIPB. en-us Thu, 24 Nov 2016 18:53:35 +0530 Thu, 24 Nov 2016 18:53:35 +0530 TaxTMI RSS Generator Government approves four FDI proposals based on the recommendations of 241st Meeting of Foreign Investment Promotion Board (FIPB) held on 27th October 2016 https://www.taxtmi.com/news?id=16932 Central Government approved four FDI proposals on FIPB recommendations: ex post facto approval for non news publication activity; approval to set up a wholly owned subsidiary by an overseas university with phased convertible instrument investment; approval for a foreign owned pharmaceutical company to acquire an Indian NBFC; and approval for issuance of equity to a foreign investor in connection with up linking of news and current affairs channels. Several other proposals were deferred, some rejected for defence related or downstream investment concerns, and three were held not to lie before FIPB. News - Thu, 24 Nov 2016 18:53:35 +0530 https://www.taxtmi.com/news?id=16932