{"id":428430,"date":"2021-07-31T11:29:30","date_gmt":"2021-07-31T05:59:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=428430"},"modified":"2021-07-31T13:11:49","modified_gmt":"2021-07-31T07:41:49","slug":"government-permits-100-fdi-in-oil-psus-approved-for-disinvestment-to-aid-bpcl-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-permits-100-fdi-in-oil-psus-approved-for-disinvestment-to-aid-bpcl-sale\/","title":{"rendered":"Government permits 100% FDI in oil PSUs approved for disinvestment; to aid BPCL sale"},"content":{"rendered":"<p>NEW DELHI: The government on Thursday permitted 100 per cent foreign investment under the automatic route in oil and gas PSUs which have received in-principle approval for strategic disinvestment. <\/p>\n<p>The move would facilitate privatisation of India&#8217;s second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL). <\/p>\n<p>The government is privatising BPCL and selling its entire 52.98 per cent stake in the company. <\/p>\n<p>According to a press note of the Department for Promotion of Industry and Internal Trade (DPIIT), a new clause has been added to the FDI policy for oil and natural gas sector. <\/p>\n<p>&#8220;Foreign investment up to 100 per cent under the automatic route is allowed in case an &#8216;in-principle&#8217; approval for strategic disinvestment of a PSU has been granted by the government,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The government on Thursday permitted 100 per cent foreign investment under the automatic route in oil and gas PSUs which have received in-principle approval for strategic disinvestment. The move would facilitate privatisation of India&#8217;s second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL). The government is privatising BPCL and selling its entire 52.98 per cent stake in the company. According to a press note of the Department for Promotion of Industry and Internal Trade (DPIIT), a new clause has been added to the FDI policy for oil and natural gas sector. &#8220;Foreign investment up to 100 per cent [&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-428430","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\/428430","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=428430"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428430\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=428430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=428430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=428430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}