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This is an archive article published on October 18, 2012

Trying and trying,till they succeed

Despite the clearance for allowing foreign direct investment in defence production,few proposals have sailed through the Foreign Investment Promotion Board

Trying and trying,till they succeed

Despite the clearance for allowing foreign direct investment in defence production,few proposals have sailed through the Foreign Investment Promotion Board. There is one proposal from a leading Indian auto company that keeps coming up repeatedly. An official of the board said the continuous re-listing of the proposal was to keep the pressure on the home ministry which apparently takes a long time,often up to a year to send its response. Taking the proposal out would mean the home ministry will simply not revert,he explained.

CHANGE OF GUARD AT NIPFP SOON

In a major change at one of the countrys biggest think tanks,the National Institute of Public Finance and Policy will have a new director from February next year. Rathin Roy,who currently heads the International Policy Centre for Inclusive Growth at the UNDP is likely to take over as director,NIPFP from current head M Govinda Rao. Rao will however continue to be a member of the PMs Economic Advisory Council.

OECDS NEW DELHI CONNECTION

The Organisation for Economic Cooperation and Development is planning to set up an office in India. The Paris-based agency,which works to promote policies for better social and economic governance,has already appointed an economic adviser for India who will be setting up office in New Delhi from December. Though India is not a member of the OECD,a team of senior officials from OECD,including its Secretary General Angel Gurria have also met senior ministers on the issue.

 

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