FDI norms tweaked in retail trading, aviation: All you need to know

In a move to broad base investments into the country, the Cabinet on Wednesday further tweaked FDI norms - the fourth time in three years. This includes allowing automatic approval to a full 100 per cent foreign direct investment (FDI) in the single brand retail segment while a foreign carrier may now pick up a stake in Air India.

Till now, government approval for FDI in single brand retail was given automatically when it was to the extent of 49 per cent of the paid-up capital, beyond which government permission was required.
 

The latest tweak is expected to give a