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Govt notifies changes in FDI norms on civil aviation

Wed 29 Jul 2020, 09:49:56

The government has notified changes in Foreign Direct Investment (FDI) norms on civil aviation. It will permit non-resident Indian nationals to own 100 per cent stake of Air India.

Last month, the government for

the third time extended the deadline to bid for Air India. The deadline was extended by two months till August 31st. The divestment process for the national carrier was initiated on January 27th.

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