Government formally notifies FDI in retail

New Delhi, Sep 20: The government Thursday issued a formal notification on foreign direct investment (FDI) in retail , aviation, broadcasting and power exchanges, giving effect to a cabinet decision.

Among a slew of economic measures announced last week, the government had allowed FDI in the multi-brand retailing, provoking widespread political opposition that resulted in a nation-wide strike Thursday.

The government had said Tuesday the implementation of the policy remained the prerogative of the states.