India Approves

• India approved only one Foreign Direct Investment (FDI) proposal from China worth Rs 1 crore during the last financial year. • In contrast, the government cleared 13 FDI applications from Hong Kong totaling Rs 610.42 crore. • These figures highlight the strict regulatory environment for investments from countries sharing a land border with India, which require prior government approval.

• India approved only one Chinese Foreign Direct Investment (FDI) proposal worth ₹1 crore and 13 proposals from Hong Kong totaling ₹610.42 crore during the last financial year. • These investments require prior government clearance under Press Note 3 of the DPIIT, a regulation implemented in April 2020 for countries sharing a land border with India. • The restrictive policy was established to prevent opportunistic takeovers and acquisitions of Indian firms during the COVID-19 pandemic.

• The Union Cabinet has approved a new bill aimed at imposing stricter punishments for paper leaks to ensure examination integrity. • The Parliament's Monsoon Session 2026 remained deadlocked for a fourth consecutive day on Thursday due to opposition demands. • BJP president Hemant Khandelwal accused Rahul Gandhi of misleading students and avoiding a meaningful parliamentary debate regarding the NEET paper leak.

• The Union Cabinet cleared the last two semiconductor units under Phase 1 of India's Semiconductor Mission on May 5, 2026, finalizing projects with a total investment of Rs 3,936 crore. • These approvals come under the Rs 76,000 crore outlay for India Semiconductor Mission 1.0, aimed at boosting domestic chip manufacturing. • The move addresses India's growing tech needs and reduces reliance on imports, positioning the country as a global semiconductor hub.