FDI HIGHLIGHTS 1. FDI cap in telecom raised to 100 pc from 74 pc; up to 49 pc through automatic route and beyond via FIPB 2. No change in 49 pc FDI limit in civil aviation 3. FDI cap in defence production to stay at 26 pc, higher investment may be considered in state-of-the-art technology production by CCS. 4. 100 pc FDI allowed in single brand retail; 49 per cent through automatic, 49-100 per cent through FIPB 5. FDI limit in insurance sector raised to 49 per cent from present 26 per cent, subject to Parliament approval 6. FDI up to 49 pc in petroleum refining allowed under automatic route, from earlier approval route 7. In power exchanges 49 per cent FDI allowed through automatic route, from earlier FIPB route. 8. Raised FDI in asset reconstruction companies to 100 per cent from 74 per cent; of this up to 49 per cent will be under automatic route 9. FDI limit increased in credit information companies to 74 per cent from 49 per cent 10. FDI up to 49 per cent in stock exchanges, depositories allowed under automatic route 11. FDI up to 100 per cent through automatic route allowed in courier services 12. FDI in tea plantation up to 49 per cent through automatic route; 49-100 per cent through FIPB route 13. No decision taken on FDI cap in airports, media, brownfield pharma and multi-brand retail. -by Madhwesh K
Posted on: Wed, 17 Jul 2013 03:50:20 +0000
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