https://www.taxtmi.com/news?id=271 Targeted FDI liberalisation revises sectoral ownership caps and approval conditions: aviation maintains 49% for scheduled carriers (no foreign airline participation) while permitting up to 74% for non scheduled/charter/cargo and ground handling (NRIs 100%); petroleum removes compulsory divestment and raises PSU refining equity to 49% with prior approval; commodity exchanges allow 26% FDI and 23% FII with 5% single investor cap; credit information companies permit 49% foreign investment with government and RBI clearance and 24% FII in listed CICs; titanium mining allows 100% FDI with value addition and tailings disposal safeguards; Press Note 2(2005) exclusions clarified for industrial parks and registered FIIs under PIS. en-us Thu, 31 Jan 2008 10:23:00 +0530 Tue, 24 Jun 2008 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=271 Targeted FDI liberalisation revises sectoral ownership caps and approval conditions: aviation maintains 49% for scheduled carriers (no foreign airline participation) while permitting up to 74% for non scheduled/charter/cargo and ground handling (NRIs 100%); petroleum removes compulsory divestment and raises PSU refining equity to 49% with prior approval; commodity exchanges allow 26% FDI and 23% FII with 5% single investor cap; credit information companies permit 49% foreign investment with government and RBI clearance and 24% FII in listed CICs; titanium mining allows 100% FDI with value addition and tailings disposal safeguards; Press Note 2(2005) exclusions clarified for industrial parks and registered FIIs under PIS. News - Thu, 31 Jan 2008 10:23:00 +0530 https://www.taxtmi.com/news?id=271