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Foreign Exchange Management Act, 1999 (FEMA) came into force by an act of Parliament. It was enacted on 29 December 1999. This new Act is in consonance with the frameworks of the World Trade Organisation (WTO). It also paved the way for the Prevention of Money Laundering Act, 2002 which came into effect from July 1, 2005. The government has amended rules of the Foreign Exchange Management Act, paving the way for up to 20% foreign direct investment in LIC. The rule called Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022. The government is planning to dilute its stake in LIC through the the Initial Public Offering (IPO). LIC in February 2022, had filed the Draft Red Herring Prospectus (DRHP) before the market regulator SEBI for the IPO and SEBI gave approval to the draft papers and the insurer is in the process of filing a request for proposal with changes.
Recently, the Food Safety and Standards Authority of India (FSSAI) clarified that addition of _______ in milk products are not permitted.
Which of the following combination of three bank allowed by government to provide financial services in overseas procurement done by the department?
What prestigious awards has playback singer P. Jayachandran received for his contributions to Indian music?
Gujarat’s iconic handicraft ‘Gharchola’ has recently received which GI tag number for the state?
Which one of the following is the best description of ‘Alycaeus himalayae’, it was in news recently?
Which of the following statements is/are incorrect?
Which countries are involved in the agreement for Quick Impact Projects (QIPs) signed between India and Nicaragua?
Consider the following statements about Oil and Gas Decarbonization Charter (OGDC):
1. Recently, UNEP announced the official launch of OGDC.
...Which organization signed an MOU with the Ministry of Rural Development for DAY-NRLM?
Where did the Wings India 2024 event hold in January 2024?