Question
Govt permits how much percent of FDI in oil & gas
PSUs approved for disinvestment in private sector?Solution
The FDI limit will be 49 per cent, via automatic route, for ‘petroleum refining by the PSUs without any disinvestment or dilution of domestic equity in the existing PSUs’. Before the changes were made, 49 per cent FDI was allowed in the public sector refining and 100 per cent in the private sector.
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