FDI policy further liberalized in key sectors Cabinet approves amendments in FDI policy 100% FDI under automatic route for Single Brand Retail Trading     100% FDI under automatic route in Construction Development     Foreign airlines allowed to invest up to 49% under approval route in Air India     FIIs/FPIs allowed to invest in Power Exchanges through primary market     Definition of ‘medical devices’ amended in the FDI Policy The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval to a number of amendments in the FDI Policy. These are intended to liberalise and simplify the FDI policy so as to provide ease of doing business in the country. In turn, it will lead to larger FDI inflows contributing to growth of investment, income and employment. Foreign Direct Investment (FDI) is a major driver of economic growth and a source of non-debt finance for the economic development of the country. Gov...