{"id":420677,"date":"2021-06-16T10:31:42","date_gmt":"2021-06-16T05:01:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420677"},"modified":"2021-06-16T11:23:05","modified_gmt":"2021-06-16T05:53:05","slug":"bpcl-divestment-path-cabinet-to-take-up-100-fdi-plan-for-psu-refiners","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-divestment-path-cabinet-to-take-up-100-fdi-plan-for-psu-refiners\/","title":{"rendered":"BPCL divestment path: Cabinet to take up 100% FDI plan for PSU refiners"},"content":{"rendered":"<p>The Union Cabinet is set to take up a proposal to permit 100 per cent foreign direct investment (FDI) in state-owned oil refiners to clear the regulatory path for the privatisation of Bharat Petroleum Corporation Ltd (BPCL), according to government officials.<\/p>\n<p>The move, initially proposed by the Petroleum Ministry, will be placed before the Cabinet by the Department of Promotion of Industry and Internal Trade (DPIIT). The divestment of the Centre\u2019s 53 per cent stake in BPCL is a key part of the former\u2019s disinvestment target of Rs 1.75 lakh crore for FY22.<\/p>\n<p>\u201cIf you are asking foreign players to bid, then it is natural to permit 100 per cent FDI,\u201d said a government official. Once cleared, the proposal will no longer require a successful foreign bidder for BPCL to seek approval from the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Cabinet is set to take up a proposal to permit 100 per cent foreign direct investment (FDI) in state-owned oil refiners to clear the regulatory path for the privatisation of Bharat Petroleum Corporation Ltd (BPCL), according to government officials. The move, initially proposed by the Petroleum Ministry, will be placed before the Cabinet by the Department of Promotion of Industry and Internal Trade (DPIIT). The divestment of the Centre\u2019s 53 per cent stake in BPCL is a key part of the former\u2019s disinvestment target of Rs 1.75 lakh crore for FY22. \u201cIf you are asking foreign players to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-420677","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=420677"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420677\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}