Govt’s Big Ticket Reforms: India Inc Reacts
Govt`s FDI Masterstroke
India Inc has welcomed major announcements made by government, including operationalisation of 51 percent FDI in multi-brand retail.
Corporates have hailed the govt`s big bang reforms by saying these moves as huge "mood lifters", besides dispelling the impression of any policy paralysis in the government.
The government on Friday allowed politically-risky 51 percent FDI in multi-brand retail, 49 percent investment by foreign airlines in aviation sector and sale of equity in four PSUs.
The slew of reforms decided upon include raising FDI cap in broadcasting from 49 percent to 74 percent and allowing foreign investment in power exchanges.
Here are the reactions of India Inc:
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