The new FDI limit approved by the Union Cabinet in the telecom sector is-
A. 85%
B. 49%
C. 74%
D. 100%
Answer: 100%
Explanation:
The Union Cabinet 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.
UPSC Daily Current Affairs Quiz Test 17 September 2021 Click Here
