With reference to Government of India's decisions regarding Foreign Direct Investment (FDI) during the year 2001- 2002, consider the following statements :

1. Out of the 100% FDI allowed by India in the tea sector, the foreign firm would have to disinvest 33% of the equity in favour of an Indian partner within four years.

2. Regarding the FDI in print media in India, the single largest Indian shareholder should have a holding higher than 26%.

Which of these statements is/are correct?

I.A.S. (Pre) 2003