FDI Policy 2018: Automatic Route Limit
The question asks about the maximum Foreign Direct Investment (FDI) allowed under the automatic route for Single Brand Retail Trading (SBRT) as per the 2018 amendments to the FDI policy.
Understanding SBRT FDI Rules
The 2018 amendments by the Cabinet simplified and liberalized the FDI policy for SBRT.
- Key Change: The amendments permitted 100% FDI under the automatic route for SBRT.
- Previous Rules: Prior to this, specific conditions often applied, and the automatic route might have had lower limits or specific approvals were needed beyond certain thresholds.
- Automatic Route Explained: This route allows investors to make FDI without prior approval from the government or the Reserve Bank of India (RBI), provided they meet certain conditions.
Maximum Permitted FDI in SBRT (Automatic Route)
Following the 2018 amendments, the maximum FDI permitted under the automatic route in Single Brand Retail Trading (SBRT) was increased to 100%.
Therefore, the correct option is 100%.
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As of December 2019, _______ was the largest crude oil supplier to India.
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Merchant discount rate refers to ______
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