Cabinet Committee on Economic Affairs (CCEA) cleared the historical biggest India's FDI BP-Reliance deal.
The Stage is set for allowing overseas retailers such as Wal-Mart, Tesco and Carrefour to open stores in the country through majority-owned joint ventures.
BP-Reliance $ 7.2 Bn deal was given clearance on 22nd July, 2011 and is just to see the clerance by the Union Cabinet before the rules are notified.
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