Big bang reforms: Cabinet clears FDI in multi-brand retail, aviation
The government powered ahead with reforms after the Cabinet, on Friday, cleared proposals for allowing foreign direct investment in multi-brand retail and aviation and hiked the FDI limit in single-brand retail and broadcast. It also cleared divestment of government stake in four state-owned firms. NDTV also speaks to Commerce Minister Anand Sharma about the economics and politics behind the policies.
