In what is becoming a key issue for the government’s foreign direct investment (FDI) policy, the finance ministry has asked the Reserve Bank of India (RBI) to again look into the details of the controversial infusion of Rs 293 crore by Japan Tobacco Inc (JT) in its Indian joint venture, which it did without increasing its equity stake and bypassing the Foreign Investment Promotion Board, or FIPBThe above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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