2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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65%
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75%
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74%
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67%
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Detailed explanation-1: -The government has issued a notification to raise the FDI limit in pension funds from 49 percent to 74 percent.
Detailed explanation-2: -Effects of the FDI Limit The foreign direct investment (FDI) limit has also been raised from 49 per cent to 74 per cent as a result of amendments to the Pension Fund Regulatory and Development Act.
Detailed explanation-3: -Such investment would be subject to the following conditions: (i) It would be made under the Government approval route. (ii) The 49% limit will subsume FDI and FII/FPI investment.
Detailed explanation-4: -Air transport services Automatic up to 49% (up to 100% and automatic for NRls), Government route beyond 49%.
Detailed explanation-5: -Previous amendment (2015) However, after the initial days of this amendment, the Indian Insurance Companies Rules 2015 prescribed that FDI investment up to 26% under automatic route was allowed. Any proposal that takes total investment above 26% and up to 49% had to seek Foreign Investment Promotion Board’s approval.