Guidelines on Security Clearance
Security clearance is granted by the Ministry of Home Affairs after assessing reports received from the Central Intelligence and investigating agencies from the national security point of view. The Ministry of Home Affairs has formulated a policy for national security clearance for certain sensitive sectors of the economy by codifying all existing practices. In addition, the policy has also liberalized certain investment restrictions existing earlier. The new policy is aimed at bringing about a healthy balance between meeting the imperatives of national security and facilitating ease of doing business and promoting investment in the country.
It is proposed to do away with national security clearance for Multi System Operators and Indian banks wanting to open foreign branches.
This was stated by the Minister of State for Home Affairs, Shri Haribhai Parathibhai Chaudhary in a written reply to a question by Shri Ram Charitra Nishad in the Lok Sabha today.
