BJP Goes Back To UPA’s FDI Cap On Retail, Congress Feels Vindicated

ET NOW 2015-05-15

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The Government has done a complete U-turn on FDI in multi brand retail. The Department of Industrial Policy and Promotion has retained the 51% cap on FDI in multi brand retail in their latest consolidated FDI circular, set under the UPA regime. ET NOW gets you a detailed report on Congress’ reaction to this move and the foreign players’ take on this change. The government may well have retained the policy to not send a negative signal to foreign investors. Listen in.

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