Composite caps allow consolidation of all categories of foreign investments within the sectoral cap. The move is expected to align the foreign investment policy since many of the sectors already have composite caps.
The government seems to be pushing ahead with its plan to open up the aviation sector. Sources informed that the finance ministry has given its nod for foreign airlines to buy up to 26% stake in Indian carriers, reports CNBC-TV18’s Aakanksha Sethi.