1 .What role will the government of India play in approving and regulating foreign direct investment?
The Reserve Bank of India (RBI) (the nCentral Bank of India and regulating exchange controls), the Department of Industrial Policy and Promotion in the Ministry of Commerce and industry (DIPP), along with the relevant sectoral regulators are the monitoring and regulating agencies for foreign exchange inflow and outflow.
The current regulatory framework for foreign investments in India is governed by the following:
• The Foreign Exchange Management Act, 1999 (FEMA), along with rules, regulations and clarifications issued by the RBI from time to time...
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