The FIPB is inter-ministerial body that offers a single window clearance for applications on Foreign Direct Investment (FDI) that are under the approval route.
The finance secretary is the chairman of the FIPB.
It is housed in the Department of Economic Affairs, Union Ministry of Finance.
Presently, FDI proposals up to 3,000 crore rupees are cleared by the FIPB.
However, those proposals involving FDI of more than 3,000 crore rupees are given final clearance by the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister.
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