{"id":427140,"date":"2021-07-23T11:22:47","date_gmt":"2021-07-23T05:52:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=427140"},"modified":"2021-07-23T13:08:55","modified_gmt":"2021-07-23T07:38:55","slug":"government-eases-foreign-investment-rules-to-aid-bpcl-sale-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-eases-foreign-investment-rules-to-aid-bpcl-sale-report\/","title":{"rendered":"Government eases foreign investment rules to aid BPCL sale: Report"},"content":{"rendered":"<p>NEW DELHI: The Union Cabinet approved plans on Thursday to allow 100% foreign direct investment (FDI) in state-run oil companies in which a strategic stake sale is announced, a move to help privatisation of Bharat Petroleum Corp, two government sources said. <\/p>\n<p>&#8220;Foreign investment up to 100% under automatic route is allowed in cases where government has accorded in-principle approval for strategic disinvestment of the PSU (public sector undertaking) engaged in petroleum and natural gas sector,&#8221; said one of the sources. <\/p>\n<p>India so far allows 49% foreign direct investment in state-run oil and gas companies. The government wants to sell its near 53% stake in BPCL, the second-largest state-run refiner, in this financial year ending in March 2022, as part of plans to raise Rs 1.75 lakh crore($23.5 billion) from stakes in companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The Union Cabinet approved plans on Thursday to allow 100% foreign direct investment (FDI) in state-run oil companies in which a strategic stake sale is announced, a move to help privatisation of Bharat Petroleum Corp, two government sources said. &#8220;Foreign investment up to 100% under automatic route is allowed in cases where government has accorded in-principle approval for strategic disinvestment of the PSU (public sector undertaking) engaged in petroleum and natural gas sector,&#8221; said one of the sources. India so far allows 49% foreign direct investment in state-run oil and gas companies. The government wants to sell its [&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":[130,219,137],"tags":[],"class_list":["post-427140","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427140","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=427140"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427140\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=427140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=427140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=427140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}