FDI
- February 26, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
No Comments
FDI
TOPIC: Economy
Context- The Union Cabinet is expected to consider a proposal to put Life Insurance Corporation (LIC) at par with public sector banks for foreign direct investment (FDI).
Concept-
FDI Limits In Different Sectors In India:
| Sector | FDI Limit & Route |
| 1. Agriculture & Animal Husbandry | 100% Automatic |
| 2. Mining (Coal & Lignite) | 100% Automatic |
| 3. Petroleum & Natural Gas Exploration | 100% Automatic |
| 4. Petroleum & Natural Gas refining by the Public Sector Undertakings (PSU) | 49% Automatic |
| 5. Defence Manufacturing | Automatic up to 74% Above74% under Government route in cases resulting in access to modern technology in the country |
| 6. Print Media | 26% Government Route |
| 7.Civil Aviation – Airports Green Field Projects & Existing Projects | 100% Automatic |
| 8.Civil Aviation – Air Transport Services • Scheduled Air Transport Service/ Domestic Scheduled Passenger Airline • Regional Air Transport Service (Foreign Airlines are barred from Investing in Air India) | Automatic up to 49% Above 49% under Government route 100% Automatic for NRIs |
| 9. Telecom Services | 100%, Above 49% under Government route |
| 10. Private Security Agencies | Automatic up to 49% Above 49% & up to 74% under Government route |
| 11. Single Brand Retail | 100%, Automatic up to 49% Above 49% under Government route |
| 12. Multi Brand Retail | 51% Under Government Route. |
| 13. Banking- Private Sector | Automatic up to 49% Above 49% & up to 74% under Government route |
| 14. Banking- Public Sector | 20% Government Route |
| 15. Insurance Companies | 74% Automatic Route |
| 16. Insurance Intermediaries | 100% Automatic Route |