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US wants India to raise FDI cap in defence, insurance to 49%
The Obama administration wants India to lift the cap in both defence and insurance sectors, a top US official said. "One thing that I think the Indian government could do would be to lift the cap on foreign equity in Indian defence firms, from 26 per cent to 49 per cent," the Assistant Secretary of State for South and Central Asia Robert Blake, told reporters at a conference.
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Pvt carriers still booking tickets for Aug 18

Under attack from the government, the agitating private airlines who are demanding a bailout package, have kept bookings open for customers who want to fly on Aug 18, the day they have threatened to go on strike. - Govt opposes flight suspension by pvt airlines - Complete transactions before strike - Budget carriers fly high in downturn - Jet focus for next two years will be on cutting debt - Jet"s new Hyderabad-Dubai daily service from Aug 16 - Jet posts Rs 225-crore net loss on low demand None of the airlines have asked travel agents not to book for Aug 18, according to Travel Agents Association of India President Rajji Rai. "No airline has formally informed us to stop booking for Aug 18 so far," Rai told PTI. Jet Airways, Kingfisher and SpiceJet continue to sell tickets through their websites as well. When PTI contacted the Jet Airways call centre, the representative of the airline made a mention of the "strike". "There is a strike by private airlines on Aug 18. If you want, I can book the ticket for Aug 18 but, if need be, you will have to change the date of your travel for which there will be no charge," the Jet Airways representative said. Kingfisher and SpiceJet, however, continued to sell tickets through their call centres as well. Low cost carrier IndiGo too continued bookings, which has already announced to operate its flights on August 18. All major private airlines, under the aegis of their industry body Federation of Indian Airlines, had decided to suspend domestic operations on August 18 to protest high fuel prices and airport charges. Kingfisher Airlines Chairman Vijay Mallya had even threatened to suspend flights "indefinitely" if the demands of the aviation industry were not met by the government. Both Mallya and Jet Airways Chairman Naresh Goyal had said the suspension on August 18 is not a strike or ultimatum to the government. Following the announcement of the airlines, the government has warned of punitive action against the carriers if they do not call off their decision and invited them for a dialogue on the issue. Civil Aviation Minister Praful Patel said yesterday that the Directorate General of Civil Aviation could take "appropriate action" under its regulatory powers to protect passengers" interest.


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