Foreign Investment Promotion Board Clears 18 FDI Proposals Worth Rs 5000 Cr: Report

New Delhi: FIPB on Tuesday cleared 18 foreign investment proposals, including that of Aegon Religare Life Insurance and Aditya Birla Nuvo, worth about Rs 5,000 crore. The Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Shaktikanta Das, discussed a total of 31 FDI proposals. The proposal of Aegon Religare Life Insurance, worth about Rs 560 crore for increasing foreign partner stake in the joint ventur...