Govt to formally lift FDI caps on supermarket, aviation next week - min
INDIA-FDI-RETAIL-AVIATION-NOTIFICATION:Govt to formally lift FDI caps on supermarket, aviation next week - min
India will "notify", or formally lift investment caps, in the supermarket and civil aviation sectors next week, Trade Minister Anand Sharma said on Friday.
India opened up its supermarket sector to foreign direct investment and allowed foreign airlines to invest in local carriers in a spate of policy actions on Friday, a day after New Delhi raised the price of heavily subsidized diesel in a bold political move.
-Govt allows FDI multi-brand retail. Read http://in.reuters.com/article/2012/09/14/india-economy-retail-fdi-reform-idINDEE88D08M20120914
-Foreign carriers allowed to buy stakes in local airlines. Read http://in.reuters.com/article/2012/09/14/india-aviation-fdi-idINDEE88D08P20120914