Union Cabinet permits 51% FDI in multi-brand retail and 49% FDI in Aviation
- Cabinet allowed 51% FDI in multi-brand retail and also 49% FDI in the aviation domain.
- But the Govt left it to the state governments to allow establishment of multi-brand retail stores.
- FDI limit on various streams of broadcast services has also been raised by up to 74%.
Month: Current Affairs - September, 2012
Topics: Economy • Foreign direct investment • Foreign direct investment in India • Marketing • Merchandising • Retail • Retailing in India