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Which of the following field was approved with 100 percent Foreign Direct Investment (FDI) by the Indian government recently ?
  • a)
    Contract manufacturing
  • b)
    Coal mining
  • c)
    Banking
  • d)
    Both 1 & 2
  • e)
    Both 2 & 3
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which of the following field was approved with 100 percent Foreign Dir...
As per the present FDI policy, 100% FDI under automatic route is allowed for coal & lignite mining for captive consumption by power projects, iron & steel and cement units and other eligible activities permitted under and subject to applicable laws and regulations. Further, 100% FDI under automatic route is also permitted for setting up coal processing plants like washeries subject to the condition that the company shall not do coal mining and shall not sell washed coal or sized coal from its coal processing plants in the open market and shall supply the washed or sized coal to those parties who are supplying raw coal to coal processing plants for washing or sizing. It has been decided to permit 100% FDI under automatic route for sale of coal, for coal mining activities including associated processing infrastructure subject to the provisions of Coal Mines (special provisions) Act, 2015 and the Mines and Minerals (Development and regulation) Act, 1957 as amended from time to time, and other relevant acts on the subject
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Which of the following field was approved with 100 percent Foreign Direct Investment (FDI) by the Indian government recently ?a)Contract manufacturingb)Coal miningc)Bankingd)Both 1 & 2e)Both 2 & 3Correct answer is option 'D'. Can you explain this answer?
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