The government has given up plans to increase foreign direct investment (FDI) ceilings in controversial sectors.
It has decided instead to focus on overhauling procedural bottlenecks in the way of overseas investments.
According to government officials, higher FDI in sectors like telecom, civil aviation, broadcasting and insurance will have to wait a while for the administrative ministries to restate their positions.
The Cabinet had asked the department of industrial policy and promotion to approach it afresh with sector-wise proposals and fresh comments from the respective ministries.
Sources in the department said the present FDI regime was liberal enough and there was no need to hike limits any further.
