From 2005 FDI limit in certain services of telecom sector was increased from 49% to __________.
From 2005 FDI limit in certain services of telecom sector was increased from 49% to __________.
The correct option is B 74%
On 4th February, 2005 cabinet cased
the ceiling on Foreign Direct Investment (FDI) in the telecom sector to the 74 per cent from 49 per cent.
Before allowing hike in FDI in this sector the foreign investment was Rs. 10,
000crores with the increase in FDI hike strict conditions have been imposed by the
government. In a move
that could bolster investment in the fast growing telecom sector, the
government on Thursday decided to raise Foreign Direct Investment up to 74%, up
from prevailing ceiling of 49%.Along with raising the FDI limit, the
Union Cabinet also approved revised conditions for such direct investment,
Information and Broadcasting Minister P R Dasmunsi told reporters after a
meeting of the Cabinet, chaired by Prime Minister Manmohan Singh.
On 4th February, 2005 cabinet cased the ceiling on Foreign Direct Investment (FDI) in the telecom sector to the 74 per cent from 49 per cent. Before allowing hike in FDI in this sector the foreign investment was Rs. 10, 000crores with the increase in FDI hike strict conditions have been imposed by the government. In a move that could bolster investment in the fast growing telecom sector, the government on Thursday decided to raise Foreign Direct Investment up to 74%, up from prevailing ceiling of 49%.Along with raising the FDI limit, the Union Cabinet also approved revised conditions for such direct investment, Information and Broadcasting Minister P R Dasmunsi told reporters after a meeting of the Cabinet, chaired by Prime Minister Manmohan Singh.
