PIL filed in SC against FDI in retail

A PIL has been filed in the Supreme Court for quashing the Centre's recent notification permitting FDI in multi-brand retailing on the ground it was illegal and would affect the livelihood of 35 crore families.

The petition, filed by an advocate M L Sharma, has alleged that the notification was issued without the authority of law as neither Presidential approval was obtained nor of Parliament.

The petition stated that about 35 million Indian citizens were self-employed in kirana, food, vegetables and other small businesses and more than 20 crores people were trading on footpaths and their livelihood would be affected if FDI was permitted in multi-brand retail.

It was claimed that even the US government has denied Walmart companies to open their supermarket in New York and other cities for protecting small shops and traders in retail sectors.

ALSO READ

After lull, highway projects see aggressive bid offers

Govt aims to bring down CAD to 2.5% by 12th Plan-end, says Montek

Raghuram Rajan not in favour of sovereign bond to finance CAD

Companies expand background check on jobseekers