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INX Media case: Two of India's former regulators may come under CBI lens

The case becomes more controversial if attention is focused on people at FIPB helm in 2007 and 2008

A K Bhattacharya  |  New Delhi 

The Foreign Investment Promotion Board (FIPB) is in the news for what seems to be one of its controversial decisions. But that news can potentially become even more controversial if attention is focused on who all were at its helm at the time and, therefore, responsible for the decisions that FIPB took – the first one in 2007 and the second one in 2008.   Let us begin from the beginning. FIPB is an inter-ministerial body of senior secretaries that considers foreign direct investment proposals of up to a value of Rs 600 crore. It was set up in 1992, the first such body in ...

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First Published: Fri, May 19 2017. 09:10 IST