2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the new FDI limit approved by the Union Cabinet in the Telecom sector?
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85%
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74%
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100%
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49%
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Explanation:
Detailed explanation-1: -218, 057.74 crore (US$ 37.12 billion) which is 8.11% of the total FDI equity inflows.
Detailed explanation-2: -The highlights of the new policy are that Foreign Direct Investment up to 74% is permitted in the telecom sector.
Detailed explanation-3: -FDI up to 74% under automatic route shall be permitted for companies seeking new industrial licenses.
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