Technoglitch
Core Member
Government approval no longer required for FDI in single brand retail trading (SBRT)
Extant FDI policy on SBRT allows 49 percent FDI under automatic route, and FDI beyond 49 percent and up to 100 percent through Government approval route. It has now been decided to permit 100 percent FDI under automatic route for SBRT.
Civil aviation
As per the extant policy, foreign airlines are allowed to invest under Government approval route in the capital of Indian companies operating scheduled and non-scheduled air transport services, up to the limit of 49 percent of their paid-up capital. However, this provision was presently not applicable to Air India, thereby implying that foreign airlines could not invest in Air India. It has now been decided to do away with this restriction and allow foreign airlines to invest up to 49 percent under approval route in Air India subject to the conditions that:
Foreign investment(s) in Air India including that of foreign Airline(s) shall not exceed 49 percent either directly or indirectly. Substantial ownership and effective control of Air India shall continue to be vested in Indian National.
Cabinet nod for 100% FDI in single brand retail via automatic route; 49% in Air India through approval - Firstpost
Extant FDI policy on SBRT allows 49 percent FDI under automatic route, and FDI beyond 49 percent and up to 100 percent through Government approval route. It has now been decided to permit 100 percent FDI under automatic route for SBRT.
Civil aviation
As per the extant policy, foreign airlines are allowed to invest under Government approval route in the capital of Indian companies operating scheduled and non-scheduled air transport services, up to the limit of 49 percent of their paid-up capital. However, this provision was presently not applicable to Air India, thereby implying that foreign airlines could not invest in Air India. It has now been decided to do away with this restriction and allow foreign airlines to invest up to 49 percent under approval route in Air India subject to the conditions that:
Foreign investment(s) in Air India including that of foreign Airline(s) shall not exceed 49 percent either directly or indirectly. Substantial ownership and effective control of Air India shall continue to be vested in Indian National.
Cabinet nod for 100% FDI in single brand retail via automatic route; 49% in Air India through approval - Firstpost