Thursday, February 02 2023

January 12, 2018

Govt clears 49% FDI in Air India

New Delhi-Govt clears 49% FDI in Air India under approval route, foreign investment norms also eased for construction sector.In a major reforms, Government allows 100% FDI in single-brand retail via automatic route.Cabinet gave its approval to a number of amendments in the Foreign Direct Investment Policy. These are intended to liberalize and simplify the FDI policy so as to provide ease of doing business in the country. It will lead to larger FDI inflows contributing to growth of investment, income and employment.