By a Parliamentary Consultive Committee set by the Finance Ministry has proposed raising the cap (or removing) on Foreign Direct Investment (FDI) in different sectors to push country's economy. They proposed 100% FDI in telecom, retail and broadcast and on defence 49% FDI (now FDI is allowed 74% on telecom and broadcast, 51% on retail and 26% on defence). The committee headed by Arvind Mayaram, Union Economic Affairs Secretary has... Read More
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