SME Times is powered by   
Search News
Just in:   • Corporate lending grows at fastest pace in Q1: BOK  • Adani Ports secures 10-year marine services for Argentina's 1st LNG export to India  • Indian auto industry sees best-ever May retail sales at over 25.3 lakh units  • Sensex, Nifty open 1 pc lower amid West Asia tensions, weak global cues  • India, Venezuela discuss deeper energy ties amid crude supply concerns 
Last updated: 27 Sep, 2014  

Anand.9.Thmb.jpg FDI in retail on hold till CMs respond: Anand Sharma

Anand.9.jpg
Union Minister for Commerce & Industry and Textiles Anand Sharma with Haryana Chief Minister Bhupinder Singh Hooda addressing a press conference, in Chandigarh on July 19, 2012.
   Top Stories
» Sensex, Nifty open 1 pc lower amid West Asia tensions, weak global cues
» India clocks robust 7.7 pc GDP growth in 2025-26, Q4 growth at 7.8 pc
» RBI keeps repo rate unchanged at 5.25 pc, maintains ‘Neutral’ stance
» Crude oil prices fall over 1 pc as ceasefire hopes ease West Asia concerns
» Forced labour import curbs: US proposes up to 12.5 pc tariff on 60 countries, including India
SME Times News Bureau | 20 Jul, 2012

Union Commerce Minister Anand Sharma Thursday said that the proposal to allow foreign direct investment (FDI) in the retail sector has been kept in abeyance for the time being till all the chief ministers' response is received.

Addressing media here after meeting the chief ministers of Punjab and Haryana separately, the union minister said that some chief ministers were yet to respond to the proposal and so the matter was held in abeyance.

Sharma said he would like all chief ministers to state their views on this issue before taking a final decision.

"Since our country is a union of states, we abide by its federal character and, therefore, are bound by the consensus on the issue," Sharma said.

Asked if the Punjab government had made its stand clear on the issue, Sharma said that state had not commented on it yet.

The ruling Shiromani Akali Dal in Punjab had first welcomed FDI in retail sector but later changed its stand and started opposing it. The Akali Dal has an alliance government with the Bharatiya Janata Party (BJP) in Punjab. The BJP and BJP-ruled states are opposing the FDI in retail.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹94.2
₹92.5
UK Pound
₹128.85
₹124.8
Euro
₹112.2
₹108.45
Japanese Yen ₹59.85 ₹58
As on 06 May, 2026
  Daily Poll
What is the biggest war impact on MSMEs?
 Export Disruption
 Raw Material Spike
 Freight Cost Surge
 Payment Delays
 Currency Volatility
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter