Allow 100 percent FDI in telecom: Parekh panel
The committee on infrastructure financing Wednesday asked the government to allow 100 percent foreign direct investment (FDI) in telecom, privatise state-owned monopolies and raise electricity charges and rail fares.
In its report to Prime Minister Manmohan Singh, the panel asked the government to overhaul the regulatory framework in infrastructure, bring in clarity on taxation issues such as anti-tax avoidance rules, and expedite land acquisition and environmental clearance to attract investment in the infrastructure sector.