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]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Policy on FDI in retail lacks legal sanction, says SC    </title>
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-The Hindu

Stay refused, time granted to RBI to amend regulations

With the Supreme Court observing on Monday that the Centre&rsquo;s policy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the..."/>
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-The Hindu

Stay refused, time granted to RBI to amend regulations

With the Supreme Court observing on Monday that the Centre&rsquo;s policy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the..." />
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                            <div align="justify">-The Hindu<br /><br /><em>Stay refused, time granted to RBI to amend regulations<br /></em><br />With the Supreme Court observing on Monday that the Centre&rsquo;s policy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the Reserve Bank of India (RBI) would come out with amended Regulations within two weeks.<br /><br />A Bench of Justices R. M. Lodha and Anil R. Dave, while refusing to stay the policy decision, gave the RBI two weeks&rsquo; time after Mr. Vahanvati told the court that the RBI had already set in motion the process of amending the Foreign Exchange Management (Transfer or Issue of Security by a Person, Resident outside India) Regulations 2000 permitting foreign direct investment in the retail sector. When advocate Manohar Lal Sharma, who had challenged the Centre&rsquo;s notification on allowing FDI in retail sector through an executive order without parliamentary approval, sought an interim stay of the process, Justice Lodha told the counsel, &ldquo;There is no question of any stay on the policy decision.&rdquo;<br /><br />The Bench also refused to stay the government&rsquo;s meeting scheduled for October 19 to give licences to 50 companies for FDI in retail sector. Justice Lodha told the AG, &ldquo;The RBI has not amended the regulations which will legitimise government&rsquo;s FDI policy till date. It is a legal process, which has to be taken to its logical conclusion. This is a policy done by the Central Government and it is not that the RBI has been kept in the dark by the Centre. We want to know from the Attorney General when this amendment will formally take place.&rdquo;<br /><br />The AG told the court that he would speak to the RBI Governor to expedite the process and the Regulations would be amended within two weeks.<br /><br />Justice Lodha made it clear to the AG, &ldquo;We adjourn the matter but you have to give the policy a legal shape by amending the regulations.&rdquo;</div>                                                           
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Stay refused, time granted to RBI to amend regulations

With the Supreme Court observing on Monday that the Centre&rsquo;s policy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the..."/>
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Stay refused, time granted to RBI to amend regulations

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                            <div align="justify">-The Hindu<br /><br /><em>Stay refused, time granted to RBI to amend regulations<br /></em><br />With the Supreme Court observing on Monday that the Centre&rsquo;s policy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the Reserve Bank of India (RBI) would come out with amended Regulations within two weeks.<br /><br />A Bench of Justices R. M. Lodha and Anil R. Dave, while refusing to stay the policy decision, gave the RBI two weeks&rsquo; time after Mr. Vahanvati told the court that the RBI had already set in motion the process of amending the Foreign Exchange Management (Transfer or Issue of Security by a Person, Resident outside India) Regulations 2000 permitting foreign direct investment in the retail sector. When advocate Manohar Lal Sharma, who had challenged the Centre&rsquo;s notification on allowing FDI in retail sector through an executive order without parliamentary approval, sought an interim stay of the process, Justice Lodha told the counsel, &ldquo;There is no question of any stay on the policy decision.&rdquo;<br /><br />The Bench also refused to stay the government&rsquo;s meeting scheduled for October 19 to give licences to 50 companies for FDI in retail sector. Justice Lodha told the AG, &ldquo;The RBI has not amended the regulations which will legitimise government&rsquo;s FDI policy till date. It is a legal process, which has to be taken to its logical conclusion. This is a policy done by the Central Government and it is not that the RBI has been kept in the dark by the Centre. We want to know from the Attorney General when this amendment will formally take place.&rdquo;<br /><br />The AG told the court that he would speak to the RBI Governor to expedite the process and the Regulations would be amended within two weeks.<br /><br />Justice Lodha made it clear to the AG, &ldquo;We adjourn the matter but you have to give the policy a legal shape by amending the regulations.&rdquo;</div>                                                           
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-The Hindu

Stay refused, time granted to RBI to amend regulations

With the Supreme Court observing on Monday that the Centre&rsquo;s policy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the..."/>
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-The Hindu

Stay refused, time granted to RBI to amend regulations

With the Supreme Court observing on Monday that the Centre&rsquo;s policy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the..." />
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    <h1 class="cat-box-title">Policy on FDI in retail lacks legal sanction, says SC</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Stay refused, time granted to RBI to amend regulations<br /></em><br />With the Supreme Court observing on Monday that the Centre&rsquo;s policy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the Reserve Bank of India (RBI) would come out with amended Regulations within two weeks.<br /><br />A Bench of Justices R. M. Lodha and Anil R. Dave, while refusing to stay the policy decision, gave the RBI two weeks&rsquo; time after Mr. Vahanvati told the court that the RBI had already set in motion the process of amending the Foreign Exchange Management (Transfer or Issue of Security by a Person, Resident outside India) Regulations 2000 permitting foreign direct investment in the retail sector. When advocate Manohar Lal Sharma, who had challenged the Centre&rsquo;s notification on allowing FDI in retail sector through an executive order without parliamentary approval, sought an interim stay of the process, Justice Lodha told the counsel, &ldquo;There is no question of any stay on the policy decision.&rdquo;<br /><br />The Bench also refused to stay the government&rsquo;s meeting scheduled for October 19 to give licences to 50 companies for FDI in retail sector. Justice Lodha told the AG, &ldquo;The RBI has not amended the regulations which will legitimise government&rsquo;s FDI policy till date. It is a legal process, which has to be taken to its logical conclusion. This is a policy done by the Central Government and it is not that the RBI has been kept in the dark by the Centre. We want to know from the Attorney General when this amendment will formally take place.&rdquo;<br /><br />The AG told the court that he would speak to the RBI Governor to expedite the process and the Regulations would be amended within two weeks.<br /><br />Justice Lodha made it clear to the AG, &ldquo;We adjourn the matter but you have to give the policy a legal shape by amending the regulations.&rdquo;</div>                                                           
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Home हिन्दी

Policy on FDI in retail lacks legal sanction, says SC

Published on Oct 16, 2012   Modified on Oct 16, 2012

-The Hindu Stay refused, time granted to RBI to amend regulations With the Supreme Court observing on Monday that the Centre’s policy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the Reserve Bank of India (RBI) would come out with amended Regulations within two weeks. A Bench of Justices R. M. Lodha and Anil R. Dave, while refusing to stay the policy decision, gave the RBI two weeks’ time after Mr. Vahanvati told the court that the RBI had already set in motion the process of amending the Foreign Exchange Management (Transfer or Issue of Security by a Person, Resident outside India) Regulations 2000 permitting foreign direct investment in the retail sector. When advocate Manohar Lal Sharma, who had challenged the Centre’s notification on allowing FDI in retail sector through an executive order without parliamentary approval, sought an interim stay of the process, Justice Lodha told the counsel, “There is no question of any stay on the policy decision.” The Bench also refused to stay the government’s meeting scheduled for October 19 to give licences to 50 companies for FDI in retail sector. Justice Lodha told the AG, “The RBI has not amended the regulations which will legitimise government’s FDI policy till date. It is a legal process, which has to be taken to its logical conclusion. This is a policy done by the Central Government and it is not that the RBI has been kept in the dark by the Centre. We want to know from the Attorney General when this amendment will formally take place.” The AG told the court that he would speak to the RBI Governor to expedite the process and the Regulations would be amended within two weeks. Justice Lodha made it clear to the AG, “We adjourn the matter but you have to give the policy a legal shape by amending the regulations.”

The Hindu, 16 October, 2012, http://www.thehindu.com/todays-paper/tp-national/policy-on-fdi-in-retail-lacks-legal-sanction-says-sc/article4000938.ece

Tagged with: FDI Retail

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