Union Cabinet permits 51% FDI in multi-brand retail and 49% FDI in Aviation

September 15, 2012

Cabinet allowed 51% FDI in multi-brand retail and also 49% FDI in the aviation domain.
But the Govt left it to the state governments to allow establishment of multi-brand retail stores.
FDI limit on various streams of broadcast services has also been raised by up to 74%.