FDI raise postponed as government fails to win over doubters
The long awaited decision on India’s foreign direct investment cap has been deferred by the cabinet and may not be revisited until after the 2014 elections.
The current cap FDI cap is 26%, much to the chagrin of foreign insurers, but the UPA government had planned to increase it to 49%.
However, the plans hit a barrier after a parliamentary standing
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