Retail Fdi

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  Piyush Goyal Warns Strict Action If Multi-Brand Retailers Flout FDI Norms

  Union Minister Piyush Goyal said that strict action will be taken against multi-brand retailers found violating FDI norms set for the e-commerce companies by the central government.

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  Union Minister Nirmala Sitharaman On FDI Reforms: Highlights

  Commerce Minister Nirmala Sitharaman in an interview to NDTV speaks on the recent reforms in Foreign Direct Investment, announced by the Modi government, which includes relaxation in single brand retail paving way from Apple and IKEA stores in the country. Here are the highlights of the interview:

• FDI: Government seeks recalculation of votes in Rajya Sabha

  The government has sought recalculation of votes in the Rajya Sabha on the issue of Foreign Direct Investment or FDI in retail as the total number of votes appeared to be more than the actual strength of the House.

• FDI debate in Rajya Sabha: BSP will vote in favour of government, says Mayawati

  After the government's FDI-in-retail win in the Lok Sabha, the focus is on the Rajya Sabha, which, at noon today, begun debating the decision to allow big foreign supermarkets to set up shop in India.

• FDI in retail debate: Roll back FDI or you will be rolled back, JD(U) warns Government

  How will Mulayam Singh Yadav vote this evening on the BJP's motion opposing the government's decision to allow 51 per cent foreign direct investment in multi-brand retail? The Samajwadi Party chief argued against the government's policy in the Lok Sabha yesterday and the party says it will either vote FDI in retail or abstain. The government's floo...

• FDI debate: McDonald's, PepsiCo refute Sushma Swaraj's claims that they import potatoes

  Initiating the debate in the Lok Sabha on Foreign Direct Investment or FDI in multi-brand retail, the leader of opposition in the Lok Sabha, Sushma Swaraj, said the government's claim that foreign investment would benefit farmers, consumers and generate employment was a myth.

• FDI in retail would have helped farmers: Rahul Gandhi

  Terming the Opposition as "anti-farmer", Congress general secretary Rahul Gandhi has come out openly in support of Foreign Direct Investment or FDI in the retail sector saying it would have helped farmers.

• FDI debacle: Inadequate preps, allies with cold feet, says PM

  In an interview to Bloomberg, the Prime Minister has spoken about the factors that forced his government to suspend its reforms in retail. "There was inadequate preparation and some partners in the coalition developed cold feet," Mr Singh told Bloomberg. "But I can assure you, India remains committed to a system of regulation that is supportive of ...

• We are open to FDI if there is consensus: Dinesh Trivedi to NDTV

  In what could signal a softening of stance, the Trinamool Congress says that they have no objection to FDI in multi-brand retail, if the government manages to achieve consensus. In an exclusive interview to NDTV, Trinamool leader and Railway Minister Dinesh Trivedi says that if the maximum number of people want something, who are they to oppose it?

• Pranab Mukherjee: FDI decision was not wrong, but did not want mid-term elections

  At a meeting of all Congress MPs this morning, Finance Minister Pranab Mukherjee dissected the government's disastrous attempt to allow reform in retail. Mr Mukherjee told the MPs that the decision to allow 51% foreign ownership of multi-brand stores was not incorrect, but that the government has put it on hold to avoid mid-term elections.

• Govt suspends FDI in retail, Left says it's a rollback, Parliament gets to work

  FDI in retail: The government has told political parties at a meeting today that its policy on Foreign Direct Investment or FDI in retail has been suspended to allow for wider consultations. This has led to a truce that will allow Parliament to get back to work after squandering half of the short Winter Session over the controversial reforms.

• FDI in retail suspended, Opposition accepts truce, Parliament logjam ends

  FDI in retail: It's what the country has been waiting for. A crucial all-party meeting has ended in less than half an hour with the news that the FDI-in-retail logjam is broken and Parliament will function today.

• FDI in retail: Another reform-by-stealth failure

  If the Indian government decides to undo or indefinitely delay its decision to let foreign retailers into the country, as government sources now quietly predict, proponents of modernization will probably blame the opposition political parties and allies of the government like the Trinamool Congress party, as well as small retailers and wholesale tr...

• Govt surrenders; FDI in retail on hold; BJP and Left don't commit to truce

  The government has decided to put on hold its decision to allow foreign direct investment or FDI in retail till a consensus is reached among political parties. In a climbdown from its position so far, it informed the Opposition of this, only to be told that the latter wanted a "rollback" and not a "holdback."

• FDI issue: After days of disruption, will there be peace in Parliament?

  After Mamata Banerjee's surprise announcement on the FDI issue, political wheels are churning fast. There are reports that when Parliament reconvenes on Wednesday, the government will make a statement on the issue.