HindustanTimes Thu,17 Apr 2014

India rejects MCX's foreign investment plan: govt

PTI  New Delhi, July 03, 2013
First Published: 14:49 IST(3/7/2013) | Last Updated: 14:51 IST(3/7/2013)

India has rejected the foreign direct investment proposal of the Mumbai-based commodity exchange MCX, a government statement said on Wednesday, without giving any details.


The Foreign Investment Promotion Board (FIPB), which met on June 14, rejected the proposal of the commodity exchange, the statement said.

MCX was seeking post facto approval for FDI received before issuance of the government guidelines for overseas investment in commodity exchanges, according to media reports. The guidelines were issued in 2008.

more from New Delhi

Delhi: HIV patient gets 7 years' jail for robbery

A Delhi court has sentenced an HIV-positive man and his wife to seven years in jail for robbery and house trespassing. The court said there were no grounds for leniency on account of health since such crimes were on the rise and needed to be curbed.

Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved