Global sentiment has turned very positive for India
The government is likely to allow FDI in high speed trains and other projects.
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Amidst debate over control of Jet Airways post UAE's Etihad buying stake, the RBI on Thursday notified FDI guidelines defining control of a company, saying that a firm will be said to be controlled by non-residents if they have powers to appoint majority of the directors.
Industry experts say that the government needs to further relax FDI norms to attract investors to the sector.
UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to be announced in the new year.
Commerce ministry suggests easy conditions for availing capital gains tax exemptions
The government has hiked foreign investment caps.
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