https://www.taxtmi.com/news?id=18613 Authority for approvals of foreign direct investment in notified sectors has been transferred to Administrative Ministries/Departments, with a prescribed Standard Operating Procedure requiring Competent Authorities to process complete proposals within specified timelines, seek Department of Industrial Policy and Promotion concurrence where rejection or additional conditions are proposed, and allow extended time where security comments from the Ministry of Home Affairs are required; the release also reported the number and departmental distribution of pending proposals. en-us Wed, 09 Aug 2017 16:21:33 +0530 Wed, 09 Aug 2017 16:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18613 Authority for approvals of foreign direct investment in notified sectors has been transferred to Administrative Ministries/Departments, with a prescribed Standard Operating Procedure requiring Competent Authorities to process complete proposals within specified timelines, seek Department of Industrial Policy and Promotion concurrence where rejection or additional conditions are proposed, and allow extended time where security comments from the Ministry of Home Affairs are required; the release also reported the number and departmental distribution of pending proposals. News - Wed, 09 Aug 2017 16:21:33 +0530 https://www.taxtmi.com/news?id=18613