At final Cabinet meeting, PM stops $400-mn FDI deal

Even as the Bharatiya Janata Party has demanded that the government refrain from crucial decisions and appointments at the fag end of its term, Prime Minister Manmohan Singh “struck off” a $400-million foreign investment proposal from KKR, a Manhattan-headquartered specialist in leveraged takeovers of managements, at the final Cabinet meet on Thursday.

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