Friday, October 5, 2012

PIL on FDI in retail: SC seeks government view | ummid.com

PIL on FDI in retail: SC seeks government view | ummid.com
Sharma contended that the government notification was in violation of the existing Reserve Bank of India (RBI) guidelines which do not permit foreign direct investment in the retail sector and that the government could not overrule the RBI regulations by a notification.