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In a move to sweeten the deal for bidders of sale-bound BPCL, the Union cabinet is likely to tweak the foreign direct investment (FDI) policy to allow 100 per cent ownership of the state-owned refinery by global players through the automatic route. Officials said the matter could be taken up by the cabinet at its meeting on Tuesday, which could send a positive signal to investors and fasttrack the privatisation of the state-owned refiner. Advertisement According to the existing FDI policy, up to 49 per cent FDI is permissible through the automatic route in petroleum refining PSUs, without any disinvestment or dilution of domestic equity in existing PSUs by the government. However, the policy allows for 100 per cent FDI through the automatic route in petroleum refining in the private sector.

United statesDharmendra pradhanAir indiaIndia ltdLife insurance corpBharat petroleumApollo globalSquared capitalShipping corpஒன்றுபட்டது மாநிலங்களில்தர்மேந்திரா ப்ர்யாட்ஹந்அேக இந்தியாஇந்தியா லிமிடெட்வாழ்க்கை காப்பீடு கார்ப்பாரத் பெட்ரோலியம்அப்பல்லோ உலகளாவிய