The new FDI limit approved by the Union Cabinet in the telecom sector is-

September 19, 2021

UPSC Daily Current Affairs Quiz 17 September 2021

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