Which Institution has notified Guidelines for 100 % FDI in Business to Business E-commerce on March 29, 2016

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Department of Industrial Policy and Promotion
B	Ministry of Finance
C	Finance Department
D	None of the above

Explanation:

Detailed explanation-1: -In a much awaited move, the Department of Industrial Policy and Promotion issued Press Note 3 (2016 Series) on 29 March 2016 (PN3) to regulate foreign direct investment (FDI) in the thriving business to consumer (B2C) e-commerce sector.

Detailed explanation-2: -3) Which companies will soon be allowed to attract 100 percent FDI investment? Explanation: Cash and ATM management companies will soon be allowed to attract 100 per cent foreign direct investment. They are not required to comply with the Private Security Agencies (Regulation) Act (PSARA).

Detailed explanation-3: -The present policy prohibits FDI in the following sectors: Gambling and Betting. Lottery business (including government/ private lottery, online lotteries etc)

Detailed explanation-4: -The government has announced 100 per cent foreign direct investment (FDI) in the telecom sector through the automatic route as part of its comprehensive package for the telecom sector.

There is 1 question to complete.