India allows FDI from Pakistan to boost bilateral trade

Aug 1, 9:40 pm

New Delhi, Aug 1 (ANI): In a move to bolster bilateral trade and economic relations, India on Wednesday decided to allow foreign direct investment (FDI) from Pakistan.

"The government of India has reviewed the policy and decided to permit a citizen of Pakistan, or an entity incorporated in Pakistan, to make investments in India, under the government route, in sectors/activities other than defence, space and atomic energy," an official statement said here.

In order to allay security concerns, FDI proposals from Pakistan would be routed through the Foreign Investment Promotion Board (FIPB).

The government had earlier allowed investments from Bangladesh under the FIPB route. (ANI)

India, Pakistan, FDI, trade, economy, FIPB

U'khand CM Bahuguna thanks PM, Sonia, says 'immediate priority is rescue and evacuation' Jun 19, 8:21 pm

New Delhi, June 19 (ANI): Uttarakhand Chief Minister Vijay Bahuguna on Wednesday thanked Prime Minister Dr. Manmohan Singh for announcing 1,000 crore rupees relief and rehabilitation package for the flood-affected state, and said that the priority at the moment is to rescue those who are stranded and evacuate those who have to go out.

Full Story ť

Tourism Minister announces new campaign to promote Himalayas Jun 19, 7:42 pm

New Delhi, June 19 (ANI): Union Tourism Minister K. Chiranjeevi today announced the launch of a new campaign to publicise the tourism potential of the Himalayas and promote this incredible tourist product internationally.

Full Story ť

Infiltration bid foiled in Poonch sector Jun 19, 7:42 pm

Poonch (Jammu and Kashmir), June 19 (ANI): Pakistani troops opened fire on Indian posts on the Line of Control (LoC) in the Krishna Ghati Sector, near here today.

Full Story ť

Women in Kolkata demand death penalty for rapists' Jun 19, 7:42 pm