Home  /  Daily Current Affairs  /  25-05-2022 / Foreign Investment Facilitation Portal

Foreign Investment Facilitation Portal

Posted on May 25, 2022 by admin1  2546

In News 

  • Recently, Foreign Investment Facilitation Portal (FIFP)  completed 5 years since Union Cabinet decision to abolish Foreign Investment Promotion Board (FIPB). 
    • The proposal for abolition of FIPB was approved by the Union Cabinet in its meeting on 24th May, 2017.

About Foreign Investment Facilitation Portal (FIFP) 

  • It is the new online single point interface of the Government of India for investors to facilitate Foreign Direct Investment. 
  • It is administered by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry. 
  • It will continue to facilitate the single window clearance of applications which are through the approval route. 

Source:PIB

 
Previous article Reconstitution of Inter-state Council
Next article 40th Edition of PRAGATI

Other News of the Day

In News  Recently, a Venomous green snake named Maya Pit viper has been discovered in Meghalaya. The study was published in the recent edition of PLOS One. It is a peer-reviewed open access scientific journal published by the Public Library of Science since 2006.   Image Courtesy:TH About  The snake has been named Maya’s Pit...
Read More

In News Recently, the official documents from China's Xinjiang have shed new light on the violent methods used by authorities against Uighurs. Several countries, including the US, UK, Canada and the Netherlands, have accused China of committing genocide - defined by international convention as the "intent to destroy, in whole or in part, a national,...
Read More

In Context A three-day meeting is held under the framework of the Shanghai Cooperation Organization’s (SCO) Regional Anti-Terrorist Structure (RATS). Major Agenda of the Meeting Discussions on the situation in Afghanistan, especially in dealing with the threat from terrorist groups active in the Taliban-ruled country. India has expressed desire to strengthen its security cooperation with...
Read More

In News To raise awareness of the importance of pollinators, the threats they face and their contribution to sustainable development, the UN designated 20 May as World Bee Day. The Food and Agriculture Organization (FAO) celebrated World Bee Day under the theme ‘Bee Engaged: Celebrating the diversity of bees and beekeeping systems’. About Bees Bees...
Read More

In News Recently, a draft notification by the Environment Ministry has been notified regarding e-Waste. Background India, which is unique among South Asian countries, in that it has a formal set of rules for electronic waste management. India first announced these rules in 2016 and amended it in 2018.  The latest rules, which have been...
Read More

In News Recently, the National Health Authority has launched revamped Ayushman Bharat Health Account, ABHA mobile application to manage health records under Ayushman Bharat Digital Mission.  About ABHA app  It was previously known as the National Digital Health Mission' Health Records app. The ABHA mobile application enables an individual to create an ABHA address, an...
Read More

In News The Government of India and the Government of the United States of America have signed an Investment Incentive Agreement (IIA) at Tokyo, Japan. Background 1997: This IIA supersedes the Investment Incentive Agreement signed between the Government of India and the Government of the United States of America in the year 1997. Development Finance...
Read More

In News  The Union Government launched the Eighth Edition of Swachh Survekshan – SS-2023 under Swachh Bharat Mission Urban 2.0. About  Swachh Survekshan 2023 It is curated towards achieving circularity in waste management.  The survey would give priority to the principle of 3Rs – Reduce, Recycle and Reuse. The theme of SS 2023 : ‘Waste...
Read More

In News The Odisha government’s ambitious temple corridor project in Puri has become a subject of political controversy. About  Archaeological Survey of India noted in a report submitted to the Orissa High Court that there was every possibility of archaeological remains at the heritage site being destroyed due to the excavation work for the corridor....
Read More