Committee recommends raising FDI limit in domestic Airlines

NEW DELHI: The steering committee on Foreign Direct investment has recommended enhancement of FDI limit in Domestic Airlines sector from 40 to 49 per cent.
This was stated in Rajya Sabha by Minister of State for Civil Aviation Shripad Naik. He said the committee had been constituted by the Planning commission.
Naik said Parliamentary standing committee had, after a scrutiny, tabled its report on the Airports Authority of India (amendment) bill. The legislation is for making provision for leasing of airports.
In written replies to other questions, Naik said proposals for setting up of alternative airports in Delhi and Mumbai had been received from the State Governments, though no decision had been taken yet in the matter.
On setting up of casino in tourist places, Tourism Minister Jagmohan said no go ahead had yet been given to any State Government.