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14 September, 2012

Govt announces 51% FDI in multi-brand retail

NEW DELHI: The Cabinet on Friday decided to operationalise 51 per cent FDI in multi-brand retail but left it to the state governments to allow setting up of such stores. The Cabinet has also cleared FDI in aviation and broadcast sectors. 

In another major decision, the government also cleared FDI in aviation by foreign carriers. 

The move signals the end of policy paralysis in the UPA government. 

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