Multi-brand retail FDI notification PILed

Monday, 24 September 2012 By Legally India Bar, Bench & Litigation

Thursday’s DIPP notification allowing FDI in multi-brand retail has been challenged in the Supreme Court by advocate ML Sharma on the ground that the notification lacks parliamentary approval. Sharma has been active in filing public interest litigation in the past.

He said:

The notification would hit the life and livelihood of more than 35 crore citizens of India “who are surviving through their small retail trade upon footpath, small shops, hand-trolley and even door-to-door.

The notification has been issued in the name of reform but, in fact, it is a sale of India, citizens of India, their business and future of the country to foreigners. [The Hindu]

Foreign Direct Investment (FDI)ML Sharma

Comments

Curious Cat 25 Sept 2012, 07:43
+0 -0
it would be interesting to see the grounds on which it has been challenged....cud anyone procure the copy of the petition???
wilfred_62586 14 Jan 2013, 17:12
+0 -0
FOREIGN DIRECT INVESTMENT HAD BEEN APPROVED BY PARLIAMENT . ONLY 40 LAKH PEOPLE ARE IN THE RETAIL TRADE WHILE THE POPULATION OF INDIA IS MORE THAN 100 CRORES . LET THESE 40 LAC PEOPLE GET APPOINTED IN THE SHOPS RUN BY MULTI BRAND RETAILERS . NOBODY IS INTERESTED IN THINKING THAT THE COMMON MAN WILL GET ATLEAST THE FOOD ITEMS CHEAPLY. - JOSEPH WILFRED - 14/01/ 2013 AT 22.41 HRS.
Commenting is closed for this article.