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Govt
formally notifies FDI
Thursday September 20, 2012 09:58:00 PM,
IANS
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New Delhi:
The government Thursday issued a formal notification on foreign
direct investment (FDI) in retail , civil aviation, broadcasting
and power exchanges, giving effect to the cabinet decision taken
last week.
"The government today notified the cabinet/CCEA decisions on FDI
in single brand retail, multi brand retail, civil aviation,
broadcasting sector and power exchanges. The decisions were taken
in the Cabinet and CCEA meetings on September 14, 2012," an
official statement said.
Among a slew of economic measures announced last week, the
government had allowed FDI in the multi-brand retail sector,
provoking widespread political opposition, which resulted in a
nation-wide strike Thursday.
The government had Tuesday said the implementation of the policy
remained a prerogative of the states.
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