May 24, 2017 / 1:53 PM / 2 months ago

BRIEF-India approves abolition of foreign investment promotion board - finance minister

1 Min Read

May 24 (Reuters) -

* India's Finance Minister Arun Jaitley says:

* Indian cabinet approves abolition of Foreign Investment Promotion Board

* Indian cabinet empowers administrative ministries to approve foreign direct investment proposals

* Indian cabinet approves policy to give preference to locally manufactured products in government procurement

* For an earlier story, please see: Source text for Eikon: Further company coverage: [ ] (Reporting By Malini Menon)

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