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LATEST NEWS UPDATES | SC seeks clarification on legal sanctity behind FDI in retail -Dhananjay Mahapatra

SC seeks clarification on legal sanctity behind FDI in retail -Dhananjay Mahapatra

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published Published on Oct 5, 2012   modified Modified on Oct 5, 2012
-The Times of India

The Supreme Court has sought clarification on legal sanctity behind the Union government's policy decision to allow FDI in retail sector.

The apex court said that policy decisions are in the sole domain of the government, but kept a PIL for hearing on October 12 as the petitioner argued that the recent FDI policy decision was not in consonance with RBI-framed regulations under FEMA.

The SC, however, refused to issue notice and asked the petitioner to serve PIL on attorney general of India to enable him to give the necessary clarification on October 12.

The Supreme Court also directed petitioner advocate M L Sharma to delete the PMO from the list of respondents.

The Times of India, 5 October, 2012, http://timesofindia.indiatimes.com/india/SC-seeks-clarification-on-legal-sanctity-behind-FDI-in-retail/articleshow/16682436.cms


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