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Rajasthan joins Delhi in banning FDI in retail
http://timesofindia.indiatimes.com/business/india-business/Rajasthan-joins-Delhi-in-banning-FDI-in-retail/articleshow/29676191.cms
Rajasthan joins Delhi in banning FDI in retail
NEW DELHI/JAIPUR: There is more bad news for foreign supermarket chains looking to set up shop in India with Rajasthan joining Delhi in reversing its earlier decision to allow foreign direct investment (FDI) in multi-brand retail trading.Analysts said that the move will further impact investor sentiment as it does away with stability in policy. Foreign retailers have cited the lack of unanimity among political parties as one of the key reasons to adopt a wait and watch stance before committing to investing in the country.So far, Tesco, which has tied up with Tata Group’s Trent, is the only company to have received government go-ahead for multi-brand retail even as others such as Walmart and Carrefour have preferred to wait on the sidelines. Tesco intends to start operations in Maharashtra and Karnataka.
The newly elected BJP government in Rajasthan has communicated its decision against allowing FDI in multi brand retail to the Union commerce and industry ministry, two government officials told ToI.
Principal secretary Veenu Gupta, managing director of RIICO and in charge of the state Bureau of Investment Promotion as commissioner, confirmed that the letter was sent to the ministry on January 25. BJP has been opposed to the policy with states ruled by it, including Gujarat and Madhya Pradesh, deciding against allowing FDI in multi-brand.
Hawkers march to parliament
Hawkers Joint Action Committee is organizing a sit in protest and march to Parliament on 5th February at Jantar Mantar, New Delhi demanding Indian Govt. reversal of FDI retail policy and the passage of the Street Vendors (Protection of Livelihood and Regulation of Street Vending) Bill, 2012 from the upper house of the parliament. The lower house has already passed the bill on 6th September, 2013. The bill provides for protection of livelihoods rights, social security of street vendors and regulation of urban street vending.
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Rajasthan joins Delhi in banning FDI in retail
http://timesofindia.indiatimes.com/business/india-business/Rajasthan-joins-Delhi-in-banning-FDI-in-retail/articleshow/29676191.cms
Rajasthan joins Delhi in banning FDI in retail
TNN | Feb 1, 2014, 12.18AM IST
NEW DELHI/JAIPUR: There is more bad news for foreign supermarket chains looking to set up shop in India with Rajasthan joining Delhi in reversing its earlier decision to allow foreign direct investment (FDI) in multi-brand retail trading.Analysts said that the move will further impact investor sentiment as it does away with stability in policy. Foreign retailers have cited the lack of unanimity among political parties as one of the key reasons to adopt a wait and watch stance before committing to investing in the country.
So far, Tesco, which has tied up with Tata Group’s Trent, is the only company to have received government go-ahead for multi-brand retail even as others such as Walmart and Carrefour have preferred to wait on the sidelines. Tesco intends to start operations in Maharashtra and Karnataka.
The newly elected BJP government in Rajasthan has communicated its decision against allowing FDI in multi brand retail to the Union commerce and industry ministry, two government officials told ToI.
Principal secretary Veenu Gupta, managing director of RIICO and in charge of the state Bureau of Investment Promotion as commissioner, confirmed that the letter was sent to the ministry on January 25. BJP has been opposed to the policy with states ruled by it, including Gujarat and Madhya Pradesh, deciding against allowing FDI in multi-brand.
Hawkers Will March to parliament
Hawkers Joint Action Committee is organizing a sit in protest and march to Parliament on 5th February at Jantar Mantar, New Delhi demanding Indian Govt. reversal of FDI retail policy and the passage of the Street Vendors (Protection of Livelihood and Regulation of Street Vending) Bill, 2012 from the upper house of the parliament. The lower house has already passed the bill on 6th September, 2013. The bill provides for protection of livelihoods rights, social security of street vendors and regulation of urban street vending.
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Delhi Bans FDI Retailers
Article on Delhi Govt. decision to ban FDI Retailers, published on 19 Jan 2014 by Prabhat Khabar, a Hindi daily.
http://www.prabhatkhabar.com/news/81540-Retail-FDI-harm-common-man-party-election-announcement.html
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Victory in Delhi
Delhi became the first Indian state to reverse the policy of allowing FDI in multibrand retail. The newly formed Delhi govt. of Aam Admi Party (AAP) has written to the Department of Industrial Policy and Promotion (DIPP) asking it to remove Delhi from the list of states which have conveyed their agreement to the policy of FDI in multibrand retail.
France based Carrefour and Germany based Metro are already operating cash & carry wholesale stores in Delhi. Rajasthan, another major state of India is likely to follow the suit.
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Victory in Delhi
Delhi became the first Indian state to reverse the policy of allowing FDI in multibrand retail. The newly formed Delhi govt. of Aam Admi Party (AAP) has written to the Department of Industrial Policy and Promotion (DIPP) asking it to remove Delhi from the list of states which have conveyed their agreement to the policy of FDI in multibrand retail.
France based Carrefour and Germany based Metro are already operating
cash & carry wholesale stores in Delhi. Rajasthan, another major state of India is likely to follow the suit. -
Hawkers Public Hearing
In another development, more than one thousand hawkers representatives from various street markets of Delhi participated in a hawkers public hearing organized by Hawkers Joint Action Committee on 6th January in Delhi.
In the public hearing Delhi hawkers passed resolution against FDI in multibrand retail and decided to meet newly formed Delhi Govt. to reverse the policy decision to allow FDI retailers in Delhi.
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Hawkers Public Hearing
In another development, more than one thousand hawkers representatives
from various street markets of Delhi participated in a hawkers public
hearing organized by Hawkers Joint Action Committee on 6th January in
Delhi.In the public hearing Delhi hawkers passed resolution against FDI in
multibrand retail and decided to meet newly formed Delhi Govt. to
reverse the policy decision to allow FDI retailers in Delhi.
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Paper on FDI in E-Commerce
Govt. of India has floated a discussion paper on FDI in e-commerce.
One can submit comment by 30th January 2014. Comments can be sent to Mr. Ishtiyaque Ahmed, Director, Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, Udyog Bhawan, New Delhi and his email is ahmed.i@nic.in.
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Paper on FDI in E-Commerce
Govt. of India has floated a discussion paper on FDI in e-commerce. Paper on e-commerce
One can submit comment by 30th January 2014. Comments can be sent to Mr. Ishtiyaque Ahmed, Director, Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, Udyog Bhawan, New Delhi and his email is ahmed.i@nic.in.
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