FDI caps vs Sebi rules

Though the government has cleared 49% equity limits for FDI by foreign airlines in the Indian aviation sector and may, BJP willing, do the same for both pensions and insurance, it will take some more fine-tuning before we see actual FDI coming into these sectors. Part of the problem, of course, is that with the economy looking as bad as it is, and the government not having done much after an initial burst some months ago to dispel the notion of policy paralysis, foreign investors are a bit sceptical.

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