The correct answer is Department for Promotion of Industry and Internal Trade.
Key Points
- Department for Promotion of Industry and Internal Trade is the nodal department for the formulation of the policy on Foreign Direct Investment (FDI).
- It is a central government department under the Ministry of Commerce and Industry.
- It controls the maintenance and management of data on inward FDI into India.
- The Department for Promotion of Industry and Internal Trade plays a vital role in the liberalization and rationalization of the FDI policy.
Additional Information
| Name of Organization | Establishment | Head Quarters |
|
NABARD (National Bank For Agriculture and Rural Development) |
12 July 1982 | Mumbai |
| RBI (Reserve Bank of India) | 1 April 1935 | Mumbai |
| SEBI (Securities and Exchange Board of India) | 12 April 1992 | Mumbai |
