Govt may soon take decision on FDI in aviation, retail

New Delhi: Amidst continuous depreciation of rupee and weak sentiments in the stocks market, the government is expected to soon push some of the key pending reforms like allowing foreign direct investment in multi-brand retail.
"There is a sense of urgency in the government. This is clear from the yesterday's decision of steep hike in petrol prices. We can expect a decision on FDI in retail and aviation soon," sources said.
The Sensex on Wednesday ended below 16,000-level for the first time in more than four months and the rupee had breached the crucial 56-mark to a new low, though there has been improvement in the situation on Thursday.
Industry experts, too, said this is the right time for taking big reform measures. "We are hopeful that the government will take up the proposal and it will (decision to allow 51 per cent FDI in multi-brand retail) happen soon," Kishore Biyani CEO Future Group said.
25/05/12 Press Trust of India/IBN Live

To Read the News in full at Source, Click the Headline

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