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The Union Cabinet has increased the foreign direct investment (FDI) in the country’s telecom sector via the automatic route from 49% to _______________.
Correct Option is 100%
Solution:100% FDI in telecom sector via automatic route The Union Cabinet on Wednesday allowed 100% foreign direct investment (FDI) in the country’s telecom sector via the automatic route, adding all safeguards will apply. Till now, only 49% of FDI was allowed through the automatic route and anything beyond this had to necessarily go through the government route. Union finance ministry notified changes in the FDI rules in April 2020, which made prior approval of the government mandates for foreign investments from countries that share a border with India, including Pakistan, China, Bangladesh and Nepal among others.
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