New Delhi, The government today cleared 32 proposals that will bring in Rs 845.70 crore into the country, which included permitting Raghav Bahl-promoted Television Eighteen India to launch three regional business news channels.

However, a proposal by the US-based Dow Jones & Company to set up a wholly-owned subsidiary to carry out publishing of fascimile editions of newspapers was deferred.

A proposal by real estate developer Ansal Properties and Infrastructure Ltd to increase the cap on FIIs holding to 49 per cent from 24 per cent was withdrawn from the agenda.

The proposals cleared by Finance Minister P Chidambaram on the recommendations of Foreign Investment Promotion Board (FIPB) includes Oriental Structural Engineers Ltd's plan to set up a holding company, which would attract highest FDI of Rs 450 crore.

Public sector major Oil India's proposal was also approved by the Finance Minister, which included conversion of operating company into an operating-cum-holding company and IPO issue.

However, the amount of FDI is not indicated in the proposal, an official release here said.

Television Eighteen has proposed to launch CNBC TV18 South, CNBC TV18 Gujarati and CNBC TV18 Channel 3 without any fresh inflow of FDI.

Currently, it operates business news channels like CNBC TV18 (English) and CNBC Awaaz (Hindi).

German foods brand Dr. Oetker India would bring in Rs 110.40 crore to make further downstream investment.

The S Kumars group company Reid & Taylor's proposal to allot and issue equity share warrants was also cleared paving the way for FDI flow of Rs 108.33 crore.

Three proposals of Nagarjuna Construction Ltd, Inuit US Holdings Inc and Delight Investments Pte Ltd of Singapore have been rejected.

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