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flag Foreign banks gain approval to expand in India; ₹200 crore loan approved for Uttarakhand's mining reforms.

flag An inter-departmental committee chaired by DFS Secretary M Nagaraju approved proposals from foreign banks to expand operations in India, following security, economic, and political reviews. flag The decision, made with input from multiple ministries and the Reserve Bank of India, allows foreign banks to establish branches, representative offices, or subsidiaries. flag Separately, the central government approved a Rs 200 crore loan for Uttarakhand under the SASCI scheme to support mining sector reforms, aiming to boost transparency, sustainability, and job creation. flag Chief Minister Pushkar Singh Dhami welcomed the funding as a boost to the state’s economy.

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