The National Security Council (NSC) has proposed an additional layer to the existing Foreign Investment Promotion Board (FIPB) for filtering inflow of foreign equity into the country. The NSC’s proposal is in view of concerns “over flow of funds from inimical forces into the nation masquerading as FDI in sensitive areas of defence, telecom, pharmaceutical and airports.”1

• 1. ‘DIPP opposes proposal for extra FDI filter’, LiveMint, March 28, 2010 at http://www.livemint.com/2010/03/28121323/DIPP-opposes-proposal-for-extr....