The Indian government is preparing to give another big blow to China. To carry out this move, the government is reviewing about 50 investment proposals. After which three sources related to the incident have provided this information. The government made new rules in April this year. Under which all investment proposals of neighboring countries have to get government approval. Among these neighboring countries, India has received the maximum investment from China.
Talking on this matter, an official said that these investment proposals will require many types of clearances. We are additionally cautious in view of the prevailing circumstances. All these investment proposals are after the rules were changed in India. After the implementation of this policy by the Government of India, the Chinese have become upset. China called it a discriminatory policy.
China companies have tried to buy Indian companies. So that China can somehow maintain its business in India. New rules have been made after these efforts of China. In recent times, India-China bilateral relations have been further broken in the border dispute. Alok Sonkar, partner of legal firm Krishnamurthy & Co, said that in recent weeks at least 10 Chinese clients have sought investment advice but they are waiting for more clarity in Indian rules. Last week, the Indian government had banned 59 apps from China. Keeping the unity, defense, and security of the states in mind, the government had decided to ban these apps. It includes the video making app TikTok and UC Browser.
Also Read-
Corona crisis deepens in Tripura, death figures raise concern
Assam: Entire state bowed before Corona, lockdown will remain for 6 days
