FDI news and archive

Indian retailers in a catch-22 situation on FDI in retail

Amid growing opposition to its decision of allowing foreign direct investment (FDI) in retail sector, the UPA government has decided to put the issue on the back burner. The much awaited approval to 51 per cent FDI in multi-brand retail was approved by the Cabinet recently. In fact industry majors like the Future Group, Bharti Retail, Spencer’s...

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FDI on hold, Parliament deadlock ends

The logjam in Parliament over the Union Cabinet’s decision to allow 51 per cent foreign direct investment in multi-brand retail ended this morning after an all-party meeting. The government agreed to suspend the move till a consensus is reached on the issue. Speaking in the Lok Sabha on the decision, Union Finance Minister Pranab Mukherjee said...