In January 2020, the Department of Telecom (DoT) has approved raising of foreign direct investment in Bharti Airtel to how much per cent from 49 per cent allowed earlier?

In January 2020, the Department of Telecom (DoT) has approved raising of foreign direct investment in Bharti Airtel to how much per cent from 49 per cent allowed earlier? Correct Answer 100

  • The Department of Telecom (DoT) has approved raising of foreign direct investment in Bharti Airtel to 100 per cent from 49 per cent allowed earlier.
  • The company also has the approval of the Reserve Bank of India (RBI) that allowed foreign investors to hold up to 74 per cent stake in the company.
  • The approval comes a few days before the company has to clear the statutory liabilities of up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is spectrum dues.

Related Questions

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: The Department of Telecommunications (DoT) is set to conduct ‘special audits’ of mobile phone operators from fiscal 2011-12 onwards to check for under-reporting of revenue that might account for a sharp downturn in license fees and spectrum usage charges (SUC). Annual license fees and SUC paid to the government are calculated based on a telco’s revenue. The audit, to be resumed after a gap of three years, comes when license fee and SUC due to the government fell in 2017 by more than 23% on the year and is expected to fall this year too. This is due to the brutal price war, which expedited a bloody consolidation that saw a spate of exits and mergers & acquisitions that dented telecom revenues.  Courses of action: I. All telecom companies will be audited soon and DoT is preparing for this. This will be the third audit and notices will go out soon. II. DoT proposes to conduct audit/special audit of Aircel for the period of seven years for financial years 2011-2012 to 2017-2018. III. Operators fear the new round of audit could lead to a new dues being demanded from the already stressed sector, sparking more litigation and be a drag on time and resources. 
The Chairman of a big company visits one department on Monday of every week except for the Monday of third week of every month. When did he visit the Purchase department ? I. He visited Accounts department in the second week of September after having visited Purchase department on the earlier occasion. II. He had visited Purchase department immediately after visiting Stores department but before visiting Accounts department.