New Delhi: Intervening more than a week after the Cabinet Committee on Economic Affairs (CCEA) cleared Abu Dhabi-based Etihad Airways' proposal to buy a 24% stake in Jet AirwaysBSE 0.30 %, the home ministry has written to the Department of Economic Affairs (DEA) stating security agencies are yet to clear the deal, throwing a possible spanner that could delay the high-profile investment.
The letter was written in mid-October while CCEA had cleared the Rs 5,300-crore deal on October 3.
The Foreign Investment Promotion Board (FIPB) had given its consent months earlier, on July 29, and the deal is currently awaiting clearance from the Competition Commission of India (CCI).
The home ministry's intervention is likely to strengthen the perception of disarray that has marked the second tenure of the UPA government, with ministries often pulling in different directions on crucial issues.
CCEA, headed by Prime Minister Manmohan Singh, consists of more than 20 cabinet ministers, including Finance Minister P Chidambaram and Commerce and Industry Minister Anand Sharma.
06/11/13 Rohini Singh/Economic Times
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The letter was written in mid-October while CCEA had cleared the Rs 5,300-crore deal on October 3.
The Foreign Investment Promotion Board (FIPB) had given its consent months earlier, on July 29, and the deal is currently awaiting clearance from the Competition Commission of India (CCI).
The home ministry's intervention is likely to strengthen the perception of disarray that has marked the second tenure of the UPA government, with ministries often pulling in different directions on crucial issues.
CCEA, headed by Prime Minister Manmohan Singh, consists of more than 20 cabinet ministers, including Finance Minister P Chidambaram and Commerce and Industry Minister Anand Sharma.
06/11/13 Rohini Singh/Economic Times
