Amendment to FEM rules 2019 Flashcards
1
Q
What is FEM ?
A
Foreign Exchange Management rules
2
Q
What are the amendments related to ?
A
To operationalize new FDI limits for satellite related activities
3
Q
Which ministry has notified this amendment ?
A
Ministry of Finance
4
Q
What is the new amendment details ?
A
1) Upto 100% FDI allowed for manufacture of satellite components under automatic route
2) Upto 74% FDI allowed for manufacturing satellites
3) Upto 49% FDI allowed for creating spaceports, manufacturing rockets/ launch vehicles etc
