NEW DELHI (Reuters) - The Indian cabinet cleared a proposal on Wednesday allowing 100 percent foreign direct investment (FDI) in single-brand retail via the automatic route, government spokesman Frank Noronha said.
The cabinet also eased FDI rules for the aviation and the construction sectors, he said, but did not elaborate. A formal notification is expected later on Wednesday.
(Reporting by Nigam Prusty; Editing by Malini Menon)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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