Foreign airlines are allowed to invest in the capital of Indian companies, operating scheduled and non-scheduled air transport services, up to the limit of 49 per cent of their paid-up capital.”
Can you take it to mean a. Foreign Airlines are allowed to invest in ANY Indian company? b. Foreign Airlines are allowed to invest up to 49% of THEIR paid-up capital?
A straight reading of the text can only mean investment is allowable in EXISTING COMPANIES. But as usual it is so ambiguos to lend itself to a variety of other totally unintended meanings!
Ajit Singh is right. The mandarins at FM including the FM think they alone know English language, the stress that is put on the language when ever the FM chooses to speak in Parliament or outside. Sheer snobbery.
