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Cabinet nod for 100% FDI in DTH service
Why is it in news?
- The Union Cabinet approved 100% Foreign Direct Investment (FDI) in direct-to-home (DTH) services.
Details:
- Earlier, the FDI was limited to 49%.
- The cabinet approved extension of the licence period from 10 years to 20 and a reduced licence fee.
- The licence fee had been reduced in keeping with the rates in the telecom sector.
- The proposed reduction was intended to align the licence fee regime applicable to the telecom sector and would be prospectively applied.