by FP Staff May 17, 2012
The FDI in aviation is in the final stages of approval and a decision on it is likely in three weeks, top government sources said today.
When will foreign money fly into aviation? Reuters
All concerns have been addressed and everyone has been taken on board, the sources told CNBC-TV18.
The aviation ministry has mooted for 49 percent FDI in the sector.
The proposal is currently awaiting nod from the DIPP, the souces said.
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Given the huge legal, moral and ethical stakes, Srinvasan and Meiyappan should have voluntarily clarified their position and should have offered to face an investigation.
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