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After criticism, NSC does a rewrite: No countries will be named on FDI ‘blacklist’

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Ritu Sarin Posted: Jul 26, 2007 at 0142 hrs IST

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Related Stories: Govt may hike FDI in DTH TV to 74 pct: Official Ministries to discuss, finalise guidelines for FDI FDI inflows touch all-time high, cross $10 bn in first half this yr High corporate tax may hit FDI flows As FDI streams in, Indian firms now more confident buying foreign assets

In addition, a Committee of Secretaries on Foreign Investment (COSFI) will be constituted to take a final view on the MHA recommendations. The COSFI will function under the Cabinet Secretary and comprise Secretaries of Home, Defence, Foreign and Finance.

“Action to ban operations should be resorted to only after having reasonable grounds to do so. Where necessary, a continuous watch may be kept over suspect entities,” state the guidelines.

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