Prime Minister Narendra Modi promised more economic reforms to further improve the ease of doing business in India as he invited Israeli companies to invest.
The Aam Aadmi Party questioned why PM Narendra Modi was pushing for the FDI after he had opposed the same regime as the Gujarat Chief Minister in 2012.
The CITU denounced the decision of the government to allow 49 per cent FDI in Air India, and said it was aimed at expediting the privatisation of the national carrier.
NITI Aayog Vice Chairman Rajiv Kumar dismissed concerns of fiscal slippage and said the next Union Budget will not be a populist one.
The Congress accused BJP of adopting "double-speak" on allowing 100% FDI in single brand retail and criticised it for relaxing the 30% outsourcing clause.
Retail stocks rose by as much as 6 per cent following the government's decision to relax the FDI norms in single-brand retail.
Allowing foreign airlines to own up to 49 pc stake in Air India is a "considered decision" and will send out a message to global investors, a senior govt official said.
Foreign airlines can now own up to 49 percent stake in national carrier Air India, with the Cabinet clearing a proposal in this regard.
A trade body CAIT strongly opposed the Centre's decision to allow 100 per cent foreign direct investment (FDI) in single brand retail through the automatic route.
The new industrial policy which seeks to promote emerging sectors will be released within a few months, Commerce and Industry Minister Suresh Prabhu said.
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