The government has cleared Axis Bank's proposal to raise foreign investment limit to the maximum permissible level under the rules, approved construction of a major port in Tamil Nadu and allowed a long-term contract with Mozambique for pulses imports to address domestic shortage.
In other cabinet decisions on Tuesday, the government approved a . 32,835-crore project for development ` of government colonies in Delhi and cleared a `. 10,000-crore National Apprenticeship Promotion Scheme to train 50 lakh apprentices by 2019-20.
Axis Bank had sought government's nod for raising foreign investment limit in the bank to 74% from 62%
Comments
Post a Comment