UPA government is ready to present its new FDI in retail policy in Lok Sabha for its approval. However the government seems worried over gaining approval from the Rajya Sabha.

UPA government is confident of receiving approval for its new FDI in retail policy from the lower house. But the approval of the upper house is a concern for the Congress led UPA government.

The policy of allowing more FDI- Foreign Direct Investment– in retail is said to boost the real estate sector. However the government’s decision aroused mixed opinion across the country. BSP in West Bengal and AIADMK in Tamil Nadu opposed the FDI in retail policy highly. Continue reading →