The Foreign Investment Promotion Board (FIPB) was a government body responsible for processing Foreign Direct Investment (FDI) proposals and making recommendations for government approval. At the time this question would likely have been relevant (around 2009), FIPB was under the Department of Economic Affairs in the Ministry of Finance.
In India, Foreign Investment Promotion Board now works under
Asked in UPPSC Upper Mains 2007 · Topic: Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) (Government Policies, Reforms, and Initiatives to Attract FDI/FPI (e.g., PLI schemes, Ease of Doing Business))
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Answer: D. Ministry of Finance
Read the notes: Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) →
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