Efforts to Arrive at a Broad Based Consensus on Allowing FDI in Multi-Brand Retail Trade Up to 51%.

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....fforts to Arrive at a Broad Based Consensus on Allowing FDI in Multi-Brand Retail Trade Up to 51%. <br>News and Press Release<br>Dated:- 16-3-2012<br><BR>Press Information Bureau Government of India ....

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.... Ministry of Finance 16-March-2012 14:01 IST Efforts to Arrive at a Broad Based Consensus on Allowing FDI in Multi-Brand Retail Trade Up to 51% Government is making efforts to arrive at a broad bas....

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....ed consensus in consultation with the State governments in respect of the decision to allow FDI in multi-brand retail trade up to 51%. The Union Finance Minister ShriPranab Mukherjee in his Budget sp....

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....eech in the LokSabha said that at present, FDI in single brand and in cash and carry whole trade is permitted to the extent of 100%. The decision in respect of allowing FDI in multi-brand retail trade....

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.... up to 51% has been held in abeyance. Shri Mukherjee said that organized retail helps in reducing cost of intermediation due to economies of scale, benefiting both consumer and producers. *** DSM/RC....

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..../SKS/44<BR> News - Press release - PIB....