Centre allows 100% FDI through automatic route in telecom sector

New Delhi, Sep 15 (ANI): The Central Government has decided to allow 100% FDI (Foreign Direct Investment) through automatic route in the telecom sector. “All safeguards will be applicable. A moratorium of 4 years has been approved for the dues of telecom service providers. Those who avail of the moratorium will have to pay interest on the moratorium amount at MCLR + 2% rate,” said Union Minister for Communications Ashwini Vaishnaw.

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