Draft cabinet note circulated to seek views on 100% FDI
Sun, Jun 20, 2021 12:22 PM

Draft cabinet note circulated to seek views on 100% FDI

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The commerce and industry ministry has circulated a draft cabinet note asking inter-ministerial views on a proposal to allow up to 100% foreign investment under automatic route in oil and gas PSUs, having an 'in-principle" approval for disinvestment. If permitted by the union cabinet, this move would facilitate privatisation of India's second-biggest oil refiner BPCL.

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