Tag: FDI
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Do Executive Decisions Need Parliament’s Approval?
Parliamentary Affairs Minister Kamal Nath said the Government’s decision on FDI in retail is just an executive matter and does not require Parliament’s approval. It is true that Parliament is primarily a law making body where discussions happen over bills and laws. Decision on FDI is neither a bill or a law, and it is the prerogative of…
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Does India need FDI in Retail?
Government of India has approved for a 51 percent Foreign Direct Investment in Multi-Brand Retail. India had been open to FDI for single-brand-retail for a while, but the move for muti-brand-retail FDI is a crucial one. This means Supermarket chains like Walmart can open their shops in India. Government sees this move as a measure to…