100 per cent FDI in Approved in Telecom: Proper Regulations Are Yet to Come
Indian telecom sector which is under the huge Rs 251,000 crore debt have just got a breather as Telecom Commission approved the proposal of foreign direct investment cap to 100% from the present 74 per cent. Commerce and industry minister Anand Sharma announced this after a meeting of the Union Cabinet. At present 74% FDI is allowed in telecom, of which 49% directly and beyond that Foreign Investment Promotion Board... Read More
