Mention the activities/sectors in which foreign direct investment (FDI) is prohibited.
CS Executive · Economic and Commercial Laws · PYQS · December 2015
Mention the activities/sectors in which foreign direct investment (FDI) is prohibited.
Answer & Explanation:
Activities/Sectors in which foreign direct investment (FDI) 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 Atomic energy
Topics: Foreign Exchange Management Act, 1999
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