Govt clears 100% FDI in PSU oil cos to pave way for BPCL selloff

govt clears 100 fdi in psu oil cos to pave way for bpcl selloff

Sumary of Govt clears 100% FDI in PSU oil cos to pave way for BPCL selloff:

  • NEW DELHI: The government on Thursday cleared 100% FDI (foreign direct investment) through the automatic route in public sector oil companies, paving the way for overseas investors to acquire Bharat Petroleum Corporation, which is up for sale.

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