Consider the following statements related to FDI in retail1. India allows 100% FDI in single-brand stores but imposed the requirement that the single brand retailer source 30 percent of its goods from India.2. Government of India allowed 100% FDI in multi-brand retail in India after approval from individual stateWhich of the above statements is/are correct?

For Competitive Exams

Consider the following statements related to FDI in retail
1. India allows 100% FDI in single-brand stores but imposed the requirement that the single brand retailer source 30 percent of its goods from India.
2. Government of India allowed 100% FDI in multi-brand retail in India after approval from individual state
Which of the above statements is/are correct?

Only 1

Only 2

Both

None

Explanation:

Government of India allowed 51% FDI in multi-brand retail in India after approval from individual state

Next Question

Consider the following statements
1. RBI allowed Infrastructure Debt Fund-Non-Banking Financial Companies to invest in public-private partnerships (PPPs) and infrastructure projects which have completed at least one year of satisfactory commercial operation.
2. The maximum exposure that an IDF-NBFC can take on individual projects will be at 50 per cent of its total capital funds.
3. An additional exposure up to 10 per cent could be taken at the discretion of the board of the IDF-NBFC.
Which of the above statements are correct?

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