• Department for Promotion of Industry and Internal Trade (DPIIT) works under the Ministry of Commerce & Industry and is the nodal department for FDI policy and approval processing in India.

India follows two FDI routes:
1. Automatic Route —> no prior government approval needed
2. Government Route —> approval required through DPIIT/concerned ministry.
• Revised SOP increased FDI approval timeline from 10 weeks (2017 SOP) to 12 weeks.

FDI in India is governed mainly through:
• FEMA, 1999
• Consolidated FDI Policy (updated by DPIIT)
• Foreign Exchange Management (Non-Debt Instruments) Rules, 2019.

—> FDI policy is framed by DPIIT, but FEMA-related operational regulations for foreign investment are notified/administered by Reserve Bank of India under FEMA, 1999.

#CA2026
#ECONOMY
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Link: https://t.me/bpscweb/40658

Link: https://t.me/bpscweb/29313

#PYQ

-SP Mookerjee
-Jana Sangh-->1952
-Janta Party--> 1977
-BJP--> 1980

#HISTORY
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• Pirelli Calendar 2027 will be dedicated to India and will feature works of legendary Indian photojournalist Raghu Rai.

• The iconic calendar, popularly called “The Cal”, is a globally renowned limited-edition art calendar known for collaborations with top photographers and cultural themes.

Raghu Rai is a legendary Indian photojournalist and former member of Magnum Photos; he is especially known for documenting India, the 1984 Bhopal Gas Tragedy, and socio-cultural life through black-and-white photography.

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#PERSON