The Indian government has eased ownership rules surrounding Air India, allowing up to a 49% stake to be held by foreign investors. The decision, announced following a meeting of the Indian government’s Cabinet on Jan. 10, is part of the policies of the pro-business government of Prime Minister Narendra Modi, to liberalize and simplify the country’s Foreign Direct Investment (FDI) policy to make it easier to do business there. The government hopes that such liberalization will ...

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