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FDI In Retail Gets Parliament’s Nod

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After a two-day animated debate during which the Opposition attacked the proposal to allow 51 per cent FDI in multi-brand retail, 123 members voted against the motion while 109 voted in favour. The government strongly justified the FDI move saying it was in the best interest of the country.

The defeat of the motion moved by AIADMK member V. Maitreyan in the Rajya Sabha came two days after the Lok Sabha voted out a similar motion, paving the way for entry of global supermarkets like Walmart into the country…….Read More

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