Profit

Big bang reforms: Cabinet clears FDI in multi-brand retail, aviation

PUBLISHED ON: September 14, 2012 | Duration: 24 min, 03 sec

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The government powered ahead with reforms after the Cabinet, on Friday, cleared proposals for allowing foreign direct investment in multi-brand retail and aviation and hiked the FDI limit in single-brand retail and broadcast. It also cleared divestment of government stake in four state-owned firms. NDTV also speaks to Commerce Minister Anand Sharma about the economics and politics behind the policies.
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