Multi Brand Retail

  • Rajasthan government reverses Congress decision to allow FDI in retail 01-02-2014 07:55 PM

    The Bharatiya Janata Party government in Rajasthan has reversed the earlier Congress regime's decision on allowing foreign direct investment (FDI) in retail in the state. In a letter to Union Minister of Commerce and Industry Anand Sharma, Chief Minister Vasundhara Raje said: "The (Rajasthan) government has studied the proposal and...
  • Prithvi Reddy to head AAP's panel on economic policy 19-01-2014 08:02 PM

    The ruling Aam Aadmi Party (AAP) in Delhi has formed a seven-member team to formulate its economic policy ahead of the general elections. The decision to form a committee assumes significance as the party is under pressure from several quarters to make its stand clear on various issues ranging from...
  • AAP downplays Captain Gopinath's remarks against decision on FDI 16-01-2014 04:35 PM

    New Delhi: Aam Aadmi Party (AAP) today downplayed Air Deccan founder Captain Gopinath's comments against its government's decision to reject FDI in retail in Delhi, saying members can have different opinions. Senior party leader and member of the national executive committee Yogendra Yadav said that the party had over 1.5...
  • AAP government's decision to disallow FDI in Delhi bizarre: Captain Gopinath 15-01-2014 07:28 PM

    New Delhi: Captain Gopinath, who pioneered the low-cost airline business in the country and had recently joined the Aam Aadmi Party (AAP), today said that the party must reconsider its decision on disallowing FDI in multi-brand retail in Delhi. "The manner in which it has been done in Delhi, it...
  • AAP's decision to disallow FDI in retail abrupt: Anand Sharma 14-01-2014 06:00 PM

    New Delhi: Commerce minister Anand Sharma has criticized the Delhi government for withdrawing approval for FDI in retail. He said that the decision will have an adverse impact on creation of jobs and will hit the rural infrastructure. "50 per cent retail FDI inflows lead to creation of rural infrastructure...
  • FDI up 6 per cent to US $10.87 billion in January-June 2013 08-09-2013 02:08 PM

    New Delhi: Foreign direct investment (FDI) into India increased by 6 per cent year-on-year to US $ 10.87 billion during the first six months of this year. According to data from the Department of Industrial Policy and Promotion (DIPP), the country had received US $ 10.27 billion of FDI in...
  • Govt was forced to relax FDI norms as no investment was coming: Anand Sharma 03-08-2013 07:38 AM

    New Delhi: Justifying UPA's decision to relax investment norms in multi-brand retail and to raise FDI caps in several sectors, Commerce Minister Anand Sharma said that investors were not forthcoming. In an exclusive interview to CNN-IBN, the Congress leader said that his party is not worried that this move may...
  • UPA has surrendered before global retailers: BJP 03-08-2013 03:14 AM

    BJP on Friday accused UPA government of surrendering before global retailers like Walmart by diluting the norms for FDI in multi-brand retail and promised to do away with such "flip-flop" in economic policy making if voted to power. BJP spokesperson Meenakshi Lekhi alleged that "specific lobbying" by global retailers had...
  • No change in conditions for FDI; if Walmart goes, others will come, says Congress 23-07-2013 08:32 PM

    New Delhi: Congress on Tuesday ruled out any "change" in the FDI policy to suit any particular company saying if Walmart goes, others will come. "Why government should think about it? Goverment has not made the policy for one business house. Government has made a national policy and it is...
  • Walmart violated Indian rules governing foreign investment: CBI 20-07-2013 09:08 AM

    Mumbai: Walmart Stores Inc violated Indian rules governing foreign investment, the Central Bureau of Investigation (CBI) said in a letter to a member of Parliament seen by Reuters. The CBI said in the letter that according to its analysis, Walmart's investment violated Reserve Bank of India guidelines and Foreign Exchange...
  • PM meets senior ministers to discuss increasing FDI limits 16-07-2013 06:39 PM

    New Delhi: A day after RBI hiked bank rates, Prime Minister Manmohan Singh on Tuesday meet senior Cabinet minister to discuss the proposal to increases foreign investment caps in sectors like telecom, retail and defence. The government is firefighting to steady the economy - with the slipping rupee, falling industrial...
  • Govt panel for hiking FDI limits in defence, telecom 19-06-2013 12:08 AM

    New Delhi: A government panel on Tuesday proposed raising foreign investment limits in sectors like defence, multi-brand retail and telecommunications, to spur investment in the country and tide over the Current Account Deficit woes. "We have submitted the report to the Finance Minister. Action will be taken on it as...
  • Cabinet clarifies retail FDI norms, bans franchisee route 06-06-2013 10:45 PM

    New Delhi: In response to the DIPP's plea for clarity on FDI policy in multi-brand retail (MBR), the Cabinet issued clarifications which allow only 30-per cent sourcing for front-end stores and forbid the MBR entity from conducting any other form of distribution. The sourcing conditions are only for manufactured store-products...
  • India @ 9 with Rajdeep Sardesai 05-12-2012 11:58 PM

    Watch today's top stories with CNN-IBN Editor-in-Chief Rajdeep Sardesai. ...
  • India @ 9 with Rajdeep Sardesai 04-12-2012 11:58 PM

    Watch today's top stories with CNN-IBN Editor-in-Chief Rajdeep Sardesai. ...
  • PM invites BJP leaders for dinner meeting today 22-11-2012 02:45 AM

    New Delhi: With the Lok Sabha Speaker's all-party meeting failing to break the logjam on FDI in retail issue, Prime Minister Manmohan Singh has invited the top brass of main Opposition BJP for a dinner on Thursday to ensure smooth functioning of Parliament in the winter session. Singh had invited...
  • Govt will reach out to DMK on multi-brand retail: Sharma 21-11-2012 05:09 AM

    On Board PM's Special Plane: Facing the prospect of a no-confidence motion, government on Tuesday said it will reach out to its sulking ally DMK to convince it about benefits of FDI in multi-brand retail even as it accused those opposing the move of having an "agenda" or "lack of...
  • Govt taking steps to boost investor confidence: Montek 05-11-2012 04:35 PM

    Hyderabad: Amid threats that India's credit rating could be downgraded and a slowdown in the economy, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said that the government has taken several steps to boost investor confidence and more such measures may follow. "Lot of examples can be given on...
  • Why Fear FDI in Retailing?

    Espresso Economics |  Vivian Fernandes
    While approving foreign direct investment in multi-brand retailing, the central government says states have the discretion to deny them entry. Though investment policy is decided...

  • Farmer support FDI in multi-brand retail: Govt 23-12-2011 04:47 AM

    New Delhi: The government on Thursday said farmer groups have come out in support of FDI in multi-brand retail and have demanded its early implementation. The statement comes following the meeting of Commerce and Industry Minister Anand Sharma with the representatives of Consortium of Indian Farmers' Associations (CIFA) as a...
  • Farmers support FDI in multi-brand retail: Govt 22-12-2011 09:57 PM

    New Delhi: The government on Thursday said farmer groups have come out in support of FDI in multi-brand retail and have demanded its early implementation. The statement comes following the meeting of Commerce and Industry Minister Anand Sharma with the representatives of Consortium of Indian Farmers' Associations (CIFA) as a...