FDI policy changes - Industry & Commerce

Q.  Which of the following statement / s is / are correct with regards to FDI policy changes?

1) Foreign Airlines are not allowed to make foreign investment in air transport services owing to national security reasons.
2) FDI in telecom sector is recently approved upto 100% and in defense sector upto 49%.
- Published on 07 Aug 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 2
 
Foreign Airlines are now allowed to make foreign investment upto 49%, in scheduled and non-scheduled air transport services. FDI of 51%, under government approval in multi-brand retail is allowed. FDI in Railway infrastructure is recently approved upto 100%.

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