Thursday, 8 May 2014

Govt. allows FDI in existing as well as new airline business; HC denies to interfere in FDI policy

FDI : From a mere use of words 'operating scheduled and non-scheduled air transport services, it could not be held that, FDI Policy, 2012 of Government of India announced vide Press Note No. 6 of 2012 was to allow FDI in 'existing airlines' only and not in 'proposed/new airlines'


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