India News: PM Manmohan Singh allows 100% FDI in telecom sector

India News: The UPA government on Tuesday raised foreign direct investment (FDI) caps in a number of sectors like telecom, insurance, defence, credit information services and asset reconstruction companies. The move is expected to lead major investments flowing in. The decision on the FDI policy, which is largely based on recommendations of a committee headed by economic affairs secretary Arvind Mayaram, was taken in a meeting chaired by Prime Minister Manmohan Singh on Tuesday. His senior Cabinet colleagues were present at the meeting.



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