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Left, Right vow to oppose FDI in Rajya Sabha

-The Times of India The budget session of Parliament could again be stormy with NDA and Left parties coming together to oppose FDI in retail. BJP, CPI and JD(U) on Tuesday said the government may have got the bill passed in Lok Sabha but it should not feel victorious as they would not let it pass in Rajya Sabha. BJP leader Murli Manohar Joshi even said that if NDA came to power, it...

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Traders to shut shop on Sept 20 against multi-brand FDI

-The Business Standard Are in talks with political parties for support, fear foreign players will invoke equal-treatment clause in bilateral pacts between India and other nations As the Cabinet Committee of Economic Affairsgave a green signal to the 51 per cent FDI in multi-brand retail, though leaving the implementation decision to the states, the traders’ community is all out to protest against the big policy decision. Calling the move unfortunate, Confederation of...

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Food safety mess-Avimuktesh Bhardwaj

-Down to Earth Traders say Food Safety and Standards Act rolls out red carpet for multinationals The Food Safety and Standards Act (FSSA) of 2006 has not gone down well with food business operators. They say sections of the Act dealing with licensing, registration, hygiene standards, penalty provisions and powers of food safety inspectors are “draconian”. FSSA, which came into force in August last year, replaces the Prevention of Food Adulteration Act (PFA)...

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Traders' concern by TK Rajalakshmi

Indian traders reject FDI in multi-brand retail and emphasise the need for a policy to regulate the labour-intensive sector. TRADERS across the country responded angrily to the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail trade, disproving the arguments of the United Progressive Alliance (UPA) government and the assessment of corporate India, which had tried hard to make it appear that traders and...

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FDI in retail: 5 crore traders to down shutters today

-The Times of India Several Bharti-Walmart stores will remain closed on Thursday as a precautionary measure due to the bandh called by traders across the country, sources said. World's second largest retailer Carrefour, which is present in the wholesale segment in the country, also beefed up security at its stores in Delhi and Jaipur. Private security guards patrolled the Carrefour store in the crowded Shahdra area in east Delhi and vigorously checked...

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