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In May 2020, Finance Minister Nirmala Sitharaman announced raising the Foreign Direct Investment (FDI) limit in the defence sector under the automatic route from 49% to how much per cent?

In May 2020, Finance Minister Nirmala Sitharaman announced raising the Foreign Direct Investment (FDI) limit in the defence sector under the automatic route from 49% to how much per cent? Correct Answer 74

  • Finance Minister Nirmala Sitharaman on 16 May 2020 announced raising the Foreign Direct Investment (FDI) limit in the defence sector under the automatic route from 49% to 74%.
  • The import of some weapons and platforms will not be allowed.
  • Ordnance Factory Boards will be corporatised for better management and these will eventually get listed on the stock market. 

Related Questions

Which of the following is/are not FDI policy change(s) alter 2010? 1. Permission of 100 per cent FDI in the automotive sector 2. Permitting foreign airlines to make FM up to 49 per cent 3. Permission of up to 51 per cent FDI under the government approval route in multi-brand retailing, subject to specified conditions 4. Amendment of policy on FDI in single-brand product retail trading for aligning with global practices Select the correct answer using the code given below:
Louis has 3 routes to reach office. Route -1 is 5 km, route-2 is 7 km and route3 is 4 km. based on the traffic condition he takes different routes. Every Monday there is heavy traffic on Route-2 and Route-3 and Tuesdays and Wednesdays there would be multiple diversions on Route-1 and Route-3. Thursday and Friday he prefers to go by Route-3. Assume he works 5 days a week. In 4 consecutive weeks, how many days will he take Route-2 and how many kilometers will he have traveled on Route-2?
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: Chinese smartphone major Xiaomi on Wednesday opened its first company-owned brick-and-mortar Mi Home store in India taking its retail foreign direct investment (FDI) plans to the next stage after started selling directly to consumers from its own app and e-commerce site, mi.com.  Courses of action: I. Xiaomi had started direct selling to consumers in India becoming the first major electronics brand to do so through the single brand retail FDI route and moved a step closer to replicate its Chinese sales model of cutting down layers of distribution.  II. Xiaomi took advantage of the liberalized single brand retail norms which the government enacted earlier this year allowing companies to open such stores and directly sell to consumers under the automatic route and also offered relaxation in sourcing norms.  III. Xiaomi will set up multiple company-owned stores in the country which will be both flagship outlets showcasing the entire range of global products which may not have been launched in India as yet as well as smaller ones. 
In May 2020, the Union Finance Minister Nirmala Sitharaman has announced how much per cent interest subvention on loans given under MUDRA-Shishu?
Foreign investment can be made through which of the following routes ? (i) Foreign Direct Investment (FDI) (ii) Foreign Portfolio Investment (FPI) (iii) Private Equity Investment (PEI) (iv) Foreign Venture Capital Investors (FVCI)  Choose the correct answer from the code given below : 
Foreign investment can be made through which of the following routes?
1. Foreign Direct Investment (FDI)
2. Foreign Portfolio Investment (FPI)
3. Private Equity Investment (PEI)
4. Foreign Venture Capital Investors (FVCI)
Choose the correct answer
In September 2020, the government has permitted foreign direct investment (FDI) of beyond how many per cent through the government route in the defence sector?
In May 2020, how much collateral-free automatic loans has been announced by the Finance Minister Nirmala Sitharaman for businesses, particularly MSMEs?
Finance Minister Nirmala Sitharaman informed that inflation is expected to remain in the prescribed range during the fiscal year 2021-22. The RBI has been mandated to keep inflation at 4 per cent, with a tolerance level of how much per cent on either side?
Both foreign direct investment (FDI) and foreign portfolio investment (FPI) are related to investment in a country. Which of the following is incorrect regarding FDI and FPI?