Govt eases FDI norms across board, allows 100% in telecom

To boost the sagging economy, the Government today hiked foreign direct investment (FDI) limits in a host of sectors and allowed 100 per cent in telecom, asset reconstruction companies, and credit information companies. Coming within 10 months of the government allowing foreign investments in multi-brand retail and civil aviation, Round 2 of reforms retained the Defence sector cap at 26 per cent. 

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