FDI in retail will benefit all

An uproar over FDI in multi-brand retail trading (MBRT) can be expected in the monsoon session of Parliament. On the one hand, the Union Government appears determined to notify its Cabinet decision of November 29, 2011, allowing 51 per cent FDI in MBRT. On the other hand, several political parties, including UPA supporters, have pre-emptively reacted against such a move. The Union Government is likely to stand by its move, saying the final decision - whether or not to allow foreign retail establishments...

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