{"id":421740,"date":"2021-06-22T11:14:11","date_gmt":"2021-06-22T05:44:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=421740"},"modified":"2021-06-22T11:14:11","modified_gmt":"2021-06-22T05:44:11","slug":"government-mulls-100-per-cent-fdi-in-oil-psus-headed-for-divestment","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-mulls-100-per-cent-fdi-in-oil-psus-headed-for-divestment\/","title":{"rendered":"Government mulls 100 per cent FDI in oil PSUs headed for divestment"},"content":{"rendered":"<p>NEW DELHI: In a move that could speed up the divestment process of state-run oil companies like BPCL, the Union government is considering a proposal to allow up to 100 per cent foreign investment under the automatic route in oil and gas PSUs that have an \u2018in-principle\u2019 approval for disinvestment.According to sources, the commerce and industries ministry has floated a draft cabinet note seeking inter-ministerial views on 100 per cent FDI in Oil PSUs. Sources added that according to the draft note, a new clause would be added in the FDI policy under sections covering the petroleum and natural gas sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: In a move that could speed up the divestment process of state-run oil companies like BPCL, the Union government is considering a proposal to allow up to 100 per cent foreign investment under the automatic route in oil and gas PSUs that have an \u2018in-principle\u2019 approval for disinvestment.According to sources, the commerce and industries ministry has floated a draft cabinet note seeking inter-ministerial views on 100 per cent FDI in Oil PSUs. Sources added that according to the draft note, a new clause would be added in the FDI policy under sections covering the petroleum and natural gas [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,207,143],"tags":[],"class_list":["post-421740","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/421740","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=421740"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/421740\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=421740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=421740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=421740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}