1, The full form of FIFP is Foreign Investment Facilitation Portal.

The Foreign Investment Promotion Board (FIPB), housed in the Department of Economic Affairs, Ministry of Finance, is an inter-ministerial body, responsible for processing of FDI proposals and making recommendations for Government approval. The extant FDI Policy, Press Notes and other related notified guidelines formulated by Department for Promotion of Industry and Internal Trade (DPIIT) in the Ministry of Commerce and Industry are the bases of the FIPB decisions. In the process of making recommendations, the FIPB provides significant inputs for FDI policy-making.

Approvals under PMO: The FIPB was initially constituted under the Prime Minister’s Office (PMO) in the wake of the economic liberalization drive of the early 1990s. The recommendations of the FIPB were approved through a 3-tier approval mechanism, viz. FIPB as a committee of senior officials to examine and make recommendations; Empowered Committee on Foreign Investment (ECFI) chaired by the Finance Minister for deciding on the recommendations of the FIPB for projects in which the total investment in the project was up to Rs. 300 crore; and the Cabinet Committee on Foreign Investment (CCFI) for deciding on the recommendations of the FIPB for projects in which the total investment was more than Rs. 300 crore.

Transfer to DIPP in 1996: The Board was reconstituted in 1996 with transfer of the FIPB to DIPP and approval levels were as under: Recommendations of FIPB in respect of the project proposals each involving a total investment of Rs. 600 Crore or less would be considered and approved by the Industry Minister. The recommendations in respect of the projects each with a total investment of above Rs. 600 Crore would be submitted to the Cabinet Committee on Foreign Investment (CCFI) for decision. The CCFI would also consider the proposals which may be referred to it or which had been rejected by the Industry Minister. According to Press Note 7 of 1999, there would be no need for obtaining prior approval of FIPB / Government for increase in the amount of foreign equity within the percentage of foreign equity already approved in all cases in which the original project cost was up to Rs. 600 crore. Any company could infuse additional funds by way of foreign equity as a result of financial restructuring (provided there is no change in the percentage of foreign equity) and notify the same to the Secretariat of Industrial Assistance (SIA) within thirty days of receipt of funds as also allotment of shares to non-resident shareholders.

This procedure, however, did not apply in cases of increase in the percentage of foreign equity as also where initial approval was granted by CCFI. Such cases required prior approval of the FIPB / Government as per the existing procedure.

The FIPB was transferred to the Department of Economic Affairs; Ministry of Finance in terms of the Presidential Order dated 30.01.2003. The levels of approval,notified vide Order dated 11.07.1996 were essentially retained, except to the extent that recommendations of FIPB for project-proposals involving a total investment of less than Rs. 600 Crore would be considered and approved by the Finance and Company Affairs Minister and those with a total investment beyond Rs. 600 Crore would be submitted to the Cabinet Committee on Economic Affairs for decision.

It’s used on Governmental ,Departments & Agencies in India

2, The full form of FIFP is Festival International du Film Panafricain,[International Pan-African Film Festival].

The Pan African Film Festival is the largest film festival in the United States dedicated to the exhibition of Black films. Each year PAFF exhibits more than 180 films made by and/or about people of African descent made in the U.S., Africa, Europe, the Caribbean, the South Pacific, Latin America, Canada and Asia. In 2020, 40,000+ people from both the industry and the public attended PAFF.

The 29th Annual PAFF, America’s largest and most prestigious Black film festival, will be held in February, 2021 either with a physical festival in Los Angeles, a world-wide virtual festival or a combination of both. USA Today selected PAFF as #3 in their list of 10 Best Film Festivals in the U.S.

It’s used on Regional ,Festivals & Events in France