India – Foreign Exchange Updates.

Review of Foreign Direct Investment Policy on Petroleum & Natural Gas Sector

As per the Consolidated Foreign Direct Investment (‘FDI’) Policy Circular of 2020, foreign direct investment upto 49% is permitted under the automatic route for petroleum refining by the public sector undertakings…

Cabinet Approves Major Reforms in Telecom Sector

The Union Cabinet, on September 15, 2021, approved various structural and procedural reforms in the telecom sector.
 
The key structural reforms include permitting 100 per cent FDI in telecom under the automatic route, exclusion of non-telecom revenue from…