Enumerate the sectors/activities where foreign direct investment is prohibited under the Foreign Direct Investment Policy in India.
CS Executive · Economic, Business and Commercial Laws · PYQS · December 2019
Enumerate the sectors/activities where foreign direct investment is prohibited under the Foreign Direct Investment Policy in India.
Answer & Explanation:
Sector or activities where Foreign Direct Investment is prohibited are as under: Lottery Business including Government/private lottery, online lotteries, etc. Gambling and Betting including casinos etc. Chit funds Nidhi company Trading in Transferable Development Rights (TDRs) Real Estate Business or Construction of Farm Houses Manufacturing of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes Activities/sectors not open to private sector investment e.g. (I) Atomic Energy and (II) Railway operations (other than permitted activities).
Topics: Foreign Direct Investment Policy
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