PM backing FDI to boost economy is good step: Rajeev Shukla

Minister of State for Parliamentary Affairs Rajeev Shukla on Saturday said that it is a good step that Prime Minister Manmohan Singh has backed the finance ministry and industry department's plan to raise foreign direct investment (FDI) ceiling in telecom to 100%. Talking to mediapersons in New Delhi, Shukla said that it will send a strong message to global investors and will boost economy. Speaking about the latest incursion by the Chinese troops across unresolved Line of Actual Control (LAC) in northern Jammu and Kashmir, he said that the matter should not be much hyped.