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