The rule that every investment from a country sharing a land border with India needs government approval was introduced by

The FEMA Act of 1999Correct answerYour answerThe Union Budget of 2024Correct answerYour answerPress Note 1 of 2016Correct answerYour answerPress Note 3 of 2020Correct answerYour answer

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CorrectNot quiteAnswer D

Correct answer: D

Press Note 3, issued in April 2020, put such investments on the government route.
It aimed to stop opportunistic takeovers of Indian companies during the pandemic.

Concept: Press Note 3
Typical timeTypical: 65 s
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The rule that every investment from a country sharing a land border with India needs government approval was introduced by

Explanation