RBI seeks clarity from govt on Taiwan's foreign direct investment status

The Reserve Bank of India (RBI) has sought clarity from the government on whether Taiwan ought to be included in the list of countries and regions that would require government approval for foreign direct investment (FDI), said people in the know.   The political and legal status of Taiwan is a contentious issue, with China seeing Taiwan as a breakaway province that will eventually be part of the country again. Recent developments could muddy India’s decision-making process further. Taiwan has reportedly beco-me a refuge for a small but growing number of pro-democra.....

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