Nov 30
| The proposed review of the FDI policy is scheduled to be taken up for consideration by the Union Cabinet this Thursday, Commerce Minister Kamal Nath said today. Investments in the retail sector, however, are unlikely to be part of the revision. |
| The Department of Industrial Policy and Promotion (DIPP) has proposed capping foreign investment at 74 per cent for scheduled airlines, chartered airlines, cargo airlines as well as ground handling services of aircraft. |
| Maintenance and repair operations, flying training institutes as well as helicopter and sea plane services may get FDI inflows up to 100 per cent, if the proposal is approved by the senior ministers in the Union Cabinet. |
| It has also been proposed to increase the equity component of foreign investment in public sector refineries to 49 per cent from the current 26 per cent. |