The Cabinet Committee on Economic Affairs, CCEA, on Wednesday approved the proposal for acquisition of a new Research Vessel (RV) by Geological Survey of India (GSI) for seabed survey and exploration for non-living resources at a revised cost estimate of 549.50 crore rupees. It will be a replacement of RV Samudra Manthan. The CCEA also approved the proposal of GMR Airports Holding Limited, Bangalore to receive further foreign direct investment of 200 million US dollars from Standard Chartered Private Equity (Mauritius) III Limited and others. This approval is expected to result in FDI inflows amounting to 1920 crore rupees. It has approved the proposal to amend the policy on allowing Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP) firms. The FDI in LLPs will be implemented in a calibrated manner, beginning with the open sectors where monitoring is not required. The Limited Liability Partnership Act, 2008 (LLP Act) was notified in April, 2009. With the passage of this Act, a new hybrid entity, incorporating the features of a body corporate and a partnership, can now be formed for the purpose of undertaking business in India.