Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Delhi govt. withdraws approval for FDI in retail -Vishal Kant and Puja Mehra

Delhi govt. withdraws approval for FDI in retail -Vishal Kant and Puja Mehra

Share this article Share this article
published Published on Jan 14, 2014   modified Modified on Jan 14, 2014
-The Hindu

 

 

The policy reversal could impact Delhi's FDI-friendly image with the city's consumers being amongst the top spenders in the country.

The Arvind Kejriwal-ruled Delhi government has decided to withdraw Foreign Direct Investment (FDI) in multibrand retail. On Monday, the Aam Aadmi Party (AAP) government informed the Centre of its decision to renege on its predecessor, the Sheila Dikshit dispensation's approval of the policy.

Monday's policy reversal could impact Delhi's FDI-friendly image. Delhi consumers being amongst the top spenders in the country made the State an attractive destination for FDI in retail. The State is also amongst the biggest receivers of FDI.

Chief Minister Arvind Kejriwal told reporters that his government was not opposed to FDI but the decision had to be taken as it was part of the AAP's manifesto.

Mr. Kejriwal said the experience in other countries did not corroborate the case made by the UPA government at the Centre in favour of retail.

"FDI in retail leads to job losses," he said. "We agree that FDI in retail improves consumers' choices to an extent but the AAP does not wish to increase unemployment ... Delhi is not prepared for FDI."


The Hindu, 13 January, 2014, http://www.thehindu.com/news/national/delhi-govt-withdraws-approval-for-fdi-in-retail/article5573839.ece?homepage=true


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close