GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Indian government currently bans foreign investment in
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atomic energy
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the hospitality subsector
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electrical power
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software engineering
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Explanation:
Detailed explanation-1: -The 1962 Atomic Energy Act prohibits private control of nuclear power generation, and 2016 amendments allowing public sector joint ventures do not extend to private sector companies, nor allow direct foreign investment in nuclear power, apart from the supply chain.
Detailed explanation-2: -The present policy prohibits FDI in the following sectors: Gambling and Betting. Lottery business (including government/ private lottery, online lotteries etc) Activities /sectors not open to private sector investment (eg, atomic energy /railways)
Detailed explanation-3: -The government decided to remove barriers on foreign trade and investment and introduce a new series of economic reforms in India in the year 1991.
There is 1 question to complete.