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RBI to share FDI related information with IB and RAW

RBI to share FDI related information with IB and RAW
10 March 2016 Current Affairs: The Reserve Bank of India will share FDI-related information with country's intelligence agencies IB and RAW to check black money from entering the country. The committee headed by Revenue Secretary decided to provide the details of FDI resting with RBI to IB & RAW.This is done as a measure to prevent the economic crimes in the country FDI can enter into the country either through automatic route(approved by RBI) or through permission from FIPB .Even though permitted by FIPB, the government agencies doesn’t know of the FDI has entered or not.The actual details of the FDI are only with RBI. Hence RBI has to provide the details to IB & RAW to prevent flow of black money in the country.FDI flows into India nearly doubled in 2015 to USD 59 billion, according to a report of United Nations Conference on Trade and Development. Foreign Direct Investment is important for the country as it needs around USD 1 trillion worth investments between 2012-13 and 2016-17, the 12th Five Year Plan period, to fund infrastructure growth covering sectors such as ports, airports and highways 


January 2017 Current affairs
17 JAN
NEWS
16 JAN
NEWS
13 JAN
NEWS
12 JAN
NEWS
11 JAN
NEWS
10 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS




November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
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24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
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26 OCT
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25 OCT
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24 OCT
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22 OCT
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September 2016 Current affairs
30 SEP
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29 SEP
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28 SEP
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27 SEP
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26 SEP
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24 SEP
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