CCEA likely to take up FDI in aviation sector on Friday

New Delhi: Seeking to push through the reforms agenda that has been stalled due to Presidential elections, the Cabinet Committee on Economic Affairs is likely to take up 49 per cent foreign direct investment (FDI) in the aviation sector.
The meeting of the Cabinet has been tentatively scheduled for Friday and FDI in the sector has been made as late addition to the agenda. The Department of Industrial Policy and Promotion (DIPP) has already given its approval to the proposal. However, it is not clear if the government has been able to get its ally Mamata Banerjee-led Trinamool Congress, which had earlier opposed the move, on board with the decision.
The Trinamool Congress has also strongly opposed allowing 51 per cent FDI in multi-brand retail, another important reform that has been held up due to strong opposition from within the UPA and from the opposition parties.
26/07/12 Sujay Mehdudia/The Hindu

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

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