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TMI BlogRationalisation of the FDI PolicyX X X X Extracts X X X X X X X X Extracts X X X X ..... olesale trading and export trading. b. To increase FDI caps to 100% and permit it under the automatic route for: * i. coal & lignite mining for captive consumption; * ii. setting up infrastructure relating to marketing in Petroleum & Natural Gas sector; and * iii. exploration and mining of diamonds & precious stones. c. To allow FDI up to 100% under the automatic route in i. power trading subject to compliance with Regulations under the Electricity Act, 2003; ii. processing and warehousing of coffee and rubber. d. To allow FDI up to 51 % with prior Government approval for retail trade of 'Single Brand' products, detailed guidelines for which have been notified vide Press Note 3 (2006 Series). e. To allow under the automatic route transfer of shares from residents to non-residents in financial services, and where Securities & Exchange Board of India (Substantial Acquisition and Takeover) Regulations are attracted, in cases where approvals are required from the Reserve Bank of India/ Securities & Exchange Board of India (Substantial Acquisition and Takeover) Regulations /Insurance Regulatory & Development Authority. With this, transfer of shares from residents to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d Enforcement of Security Interest Act, 2002 should be complied with. www.finmin.nic.in 5. Atomic Minerals 74% FIPB Subject to guidelines issued by Department of Atomic Energy vide Resolution No. 8/1(1)/97-PSU/1422 dated 6.10.98. 6. Banking - Private sector 74% (FDI+FII) Automatic Subject to guidelines for setting up branches/ subsidiaries of foreign banks issued by RBI. www.rbi.org.in PN 2 / 2004 7. Broadcasting a. FM Radio FDI +FII investment up to 20% FIPB Subject to Guidelines notified by Ministry of Information & Broadcasting www.mib.nic.in PN 6 / 2005 b. Cable network 49% (FDI+FII) FIPB Subject to Cable Television Network Rules (1994) Notified by Ministry of Information & Broadcasting www.mib.nic.in c. Direct-To-Home 49% (FDI+FII). Within this limit, FDI component not to exceed 20% FIPB Subject to guidelines issued by Ministry of Information & Broadcasting www.mib.nic.in d. Setting up hardware facilities such as up-linking, HUB, etc 49% (FDI+FII) FIPB Subject to Up-linking Policy notified by Ministry of Information & Broadcasting www.mib.nic.in PN 1 / 2006 e. Up-linking a News & Current Affai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of vegetables,, mushrooms, under controlled conditions and services related to agro and allied sectors. 100% Automatic PN 4 / 2006 15. Hazardous chemicals, viz., hydrocyanic acid and its derivatives; phosgene and its derivatives; and isocyanates and di-isocyantes of hydrocarbon. 100% Automatic Subject to industrial license under the Industries (Development & Regulation) Act, 1951 and other sectoral regulations. PN 4 / 2006 16. Industrial explosives- Manufacture 100% Automatic Subject to industrial license under Industries (Development & Regulation) Act, 1951 and regulations under Explosives Act, 1898 PN 4 / 2006 17. Insurance 26% Automatic Subject to licensing by the Insurance Regulatory & Development Authority www.irda.nic.in . PN 10 / 2000 18. Investing companies in infrastructure / services sector (except telecom sector) 49% FIPB Foreign investment in an investing company will not be counted towards sectoral cap in infrastructure /services sector provided the investment is up to 49% and the management of the company is in Indian hands. PN 2 / 2000 & PN 5 / 2005 19. Mining covering exploration and mining of diamonds & p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by Ministry of Petroleum & Natural Gas; and in the case of actual trading and marketing of petroleum products, divestment of 26% equity in favour of Indian partner/public within 5 years. www.petroleum.nic.in PN 1 / 2004 & PN 4 / 2006 b. Refining 26% in case of PSUs 100% in case of Private companies FIPB (in case of PSUs) Automatic (in case of private companies) Subject to Sectoral policy www.petroleum.nic.in PN 2 / 2000 22. Print Media- a. Publishing of newspaper and periodicals dealing with news and current affairs 26% FIPB Subject to Guidelines notified by Ministry of Information & Broadcasting. www.mib.nic.in b. Publishing of scientific magazines/ specialty journals/ periodicals 100% FIPB Subject to guidelines issued by Ministry of Information & Broadcasting. www.mib.nic.in PN 1 / 2004 23 Power including generation (except Atomic energy); transmission, distribution and Power Trading. 100% Automatic Subject provisions of the Electricity Act, 2003 www.powermin.nic.in PN 2 / 1998, PN / 7 2000, & PN 4 / 2006 24. Tea Sector, including tea plantation 100% FIPB Subject to divestment of 26% equity in favou ..... X X X X Extracts X X X X X X X X Extracts X X X X
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