Fipb

A Delhi court has granted interim bail to former NITI Aayog CEO Sindhushree Khullar and others in the INX Media corruption case. Special Judge Ajay Kumar Kuhar also granted relief to former OSD to finance minister Pradeep Kumar Bagga and former FIPB director Prabodh Saxena.

The government has given the green light to prosecute four former senior officers of the Finance Ministry, including Sindhushree Khullar, along with Congress leader P Chidambaram, sources said, for alleged wrongdoing in clearing foreign investments for a media firm in 2007, now known as the INX Media case.

The government has issued a sanction to the CBI to prosecute former NITI Aayog CEO Sindhushree Khullar and others in connection with the FIPB clearance granted to INX Media, officials said.

The Delhi High Court today directed former finance minister P Chidambaram, arrested in the INX Media corruption case, to file an affidavit disclosing the source of certain government documents, relating to FIPB approval granted to the company.

Former Finance Minister P Chidambaram on Monday appeared for questioning before the Enforcement Directorate (ED), which is probing his role in the INX media money laundering case for giving a Foreign Investment Promotion Board (FIPB) clearance to the group in 2007.

Former Finance Minister P Chidambaram appeared before the Enforcement Directorate today for the second round of questioning today.

The CBI has summoned Karti Chidambaram, son of former finance minister P Chidambaram, in connection with its probe into the Foreign Investment Promotion Board (FIPB) clearance given to the Aircel-Maxis deal in 2006.

Former finance minister P Chidambaram's son Karti was today questioned for nearly seven hours in a corruption case of alleged clearance given to a media group owned by Peter Mukerjea and his wife Indrani for bringing foreign funds into their venture, CBI sources said.

The Supreme Court today directed Karti Chidambaram, son of former Union minister P Chidambaram, to appear before investigators at the CBI headquarters in New Delhi on August 23 for questioning in a corruption case.

Senior Congress leader P Chidambaram today said it was "preposterous" to suggest that any member of his family could influence six secretaries of the central government who were part of the Foreign Investment Promotion Board or FIPB.

The step is in keeping with plans to make India an easier place to do business, Finance Minister Arun Jaitley said.

The step follows Finance Minister Arun Jaitley's budget pledge in February to abolish the institution, which was set up soon after India embarked on its first market reforms in 1991, in a departure from decades of socialist planning.

A day after the Chennai home of P Chidambaram was raided in an inquiry to determine if foreign investment proposals were illicitly cleared by him while he was Finance Minister, the cabinet met today to decide whether to dissolve the Foreign Investment Proposal Board or FIPB.

In the sensitive sectors like defence and telecom, companies having licences can only seek foreign investments.

Finance Minister Arun Jaitley in his Budget 2017-18 announced abolishing FIPB saying 90 per cent of the foreign investment approvals are via automatic route and only 10 per cent go to the board.

A Delhi court has granted interim bail to former NITI Aayog CEO Sindhushree Khullar and others in the INX Media corruption case. Special Judge Ajay Kumar Kuhar also granted relief to former OSD to finance minister Pradeep Kumar Bagga and former FIPB director Prabodh Saxena.

The government has given the green light to prosecute four former senior officers of the Finance Ministry, including Sindhushree Khullar, along with Congress leader P Chidambaram, sources said, for alleged wrongdoing in clearing foreign investments for a media firm in 2007, now known as the INX Media case.

The government has issued a sanction to the CBI to prosecute former NITI Aayog CEO Sindhushree Khullar and others in connection with the FIPB clearance granted to INX Media, officials said.

The Delhi High Court today directed former finance minister P Chidambaram, arrested in the INX Media corruption case, to file an affidavit disclosing the source of certain government documents, relating to FIPB approval granted to the company.

Former Finance Minister P Chidambaram on Monday appeared for questioning before the Enforcement Directorate (ED), which is probing his role in the INX media money laundering case for giving a Foreign Investment Promotion Board (FIPB) clearance to the group in 2007.

Former Finance Minister P Chidambaram appeared before the Enforcement Directorate today for the second round of questioning today.

The CBI has summoned Karti Chidambaram, son of former finance minister P Chidambaram, in connection with its probe into the Foreign Investment Promotion Board (FIPB) clearance given to the Aircel-Maxis deal in 2006.

Former finance minister P Chidambaram's son Karti was today questioned for nearly seven hours in a corruption case of alleged clearance given to a media group owned by Peter Mukerjea and his wife Indrani for bringing foreign funds into their venture, CBI sources said.

The Supreme Court today directed Karti Chidambaram, son of former Union minister P Chidambaram, to appear before investigators at the CBI headquarters in New Delhi on August 23 for questioning in a corruption case.

Senior Congress leader P Chidambaram today said it was "preposterous" to suggest that any member of his family could influence six secretaries of the central government who were part of the Foreign Investment Promotion Board or FIPB.

The step is in keeping with plans to make India an easier place to do business, Finance Minister Arun Jaitley said.

The step follows Finance Minister Arun Jaitley's budget pledge in February to abolish the institution, which was set up soon after India embarked on its first market reforms in 1991, in a departure from decades of socialist planning.

A day after the Chennai home of P Chidambaram was raided in an inquiry to determine if foreign investment proposals were illicitly cleared by him while he was Finance Minister, the cabinet met today to decide whether to dissolve the Foreign Investment Proposal Board or FIPB.

In the sensitive sectors like defence and telecom, companies having licences can only seek foreign investments.

Finance Minister Arun Jaitley in his Budget 2017-18 announced abolishing FIPB saying 90 per cent of the foreign investment approvals are via automatic route and only 10 per cent go to the board.