Cabinet note moved on foreign players in domestic carriers

New Delhi: The government is expected to soon take a view on the proposal of allowing foreign airlines to buy stakes in domestic carriers as the Industry Ministry has moved the final cabinet note on the matter.
"We have moved the cabinet note...it is work in progress," Commerce and industry Minister Anand Sharma told reporters here.
According to sources, before the proposal is taken up by the Cabinet, Prime Minister Manmohan Singh is likely to consult senior ministers to build a consensus on the contentious issue.
It was West Bengal Chief Minister and TMC Chief supremo Mamata Banerjee who had forced the government to put on hold the decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail.
18/05/12 PTI/Daily News & Analysis

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Categories: Foreign May 2012, Indian Aviation- In General May 2012