On Friday, the CBI questioned 'lobbyist' Rajender Dubey in connection with alleged malpractices by AirAsia India Limited and its promoters while trying to get international flying licences by manipulating policies.

The researchers point out that the cumulative FDI inflows in the make in India (MII) thrust sectors had hardly increased during the current tenure of the government as compared to the last two years of the previous regime.

The latest tweaks in India's foreign direct investment (FDI) policy has provided an additional talking point for Prime Minister Narendra Modi as he addresses a galaxy of global CEOs and heads of States in Davos-Klosters, Switzerland this month end.

The government in a press statement informed that it has permitted 100 per cent FDI under automatic route for single brand retail trading. Under the existing policy, this limit was 49 per cent and for 100 per cent FDI, the government approval was required.

The provisions of the updated FDI Policy seem to be in line with government agenda to promote job creation and innovation through start-up companies.

The government is weighing the option of permitting overseas retailers to open stores for selling Made in India products only as it looks to relax the norms for multi-brand retail for attracting more funds and generating more jobs.

The two airlines said aviation is a \"sensitive sector\" and the FDI policy relaxation would have \"security implications\"

Market may have cooled off a little after a strong rally witnessed in early September, the benchmark indices look all set to hit fresh all-time highs by December-end.

The global financial services major said the GDP is expected to improve gradually and for the April-June quarter it may slow a tad to 7.8 per cent, in part due to unfavourable base.

The credit rating agency, which has a 'Baa3' with a stable outlook on India, said in a report that higher FDI inflows will help support the country's external financing needs at a time of moderated FII inflows.

On June 20, around 3 pm, a tweet from the Twitter handle of the Prime Minister's Office (PMO) made a big claim - India has become the most open economy in the world for foreign direct investment (FDI).

The aviation sector is abuzz with action. After clearing the national civil aviation policy, the government has relaxed foreign direct investment (FDI) norms, allowing 100 per cent FDI in scheduled domestic carriers.

The group has asked RSS to clarify its stand on BJP's FDI policy as 'the Sangh parivar had always maintained that India will be built by Indians'.

Under the current norms, AOP or flying licence is granted to a company only if its chairman and two-third Directors are Indian citizens and its substantial ownership and effective control is vested in Indian nationals.

Making it clear that there would not be a \"simplistic solution\" to deal with exorbitant rise in airfares, he reiterated that capping would not be the answer as that would also push the floor prices.

Shares of SpiceJet went down by 3.25 per cent to close at Rs 67.05, InterGlobe Aviation slipped 3.09 per cent to Rs 1,038.05 and Jet Airways fell by 1.53 per cent to Rs 577.15 on BSE.

CPI on Tuesday attacked the government over relaxation of FDI norms in various sectors including defence, saying the \"disastrous\" move will adversely affect the country's security as well as sovereignty and make India dependent on \"US-Israel clique\".

A series of reforms announced by India in particularly increasing Foreign Direct Investment in a number of sectors will provide a fillip to the potential of US-India bilateral trade, a business advocacy group has said.