The Parekh Committee has suggested increasing foreign direct investment in the telecom sector from 74 per cent to 100 per cent, say news reports.
The committee, headed by Deepak Parekh, chairman, HDFC in its report stressed on resolving the issues related to the allocation, pricing and sharing of spectrum at the earliest.
The committee was set up in November 2010 under the chairmanship of former RBI Deputy Governor Rakesh Mohan. The other members of the committee include R. Gopalan, former secretary, Department of Economic Affairs, D.K. Mittal secretary, Department of Financial Services, J. Hari Narayan, chairman, Insurance Regulatory and Development Authority, Yogesh Agarwal, chairman, Pension Fund Regulatory and Development Authority, Subir Gokarn, deputy governor, Reserve Bank of India, Pratip Chaudhuri, chairman, State Bank of India and D.K. Mehrotra, chairman, Life Insurance of India.
The committee was established to suggest policy changes and reforms required to improve the investment environment for the private sector and encourage private players to invest in the infrastructure sector.
