SP Tulsian of sptulsian.com, says that the market is correcting because of profit booking. All retail stocks ran up much to the expected level and after that possibility of an up side is limited. Also there are some apprehensions or caution on the Rajya Sabha vote. I am hopeful that the Congress will win the vote.
Corporate tax lawyer, HP Ranina told CNBC-TV18 the loss of vote in the Rajya Sabha will have no impact on the fate of the FDI proposal. He reminded that amendments to an act need to be passed by the parliament and FDI in retail is only an enabling policy.
The debate on foreign direct investment (FDI) in retail began in Parliament on Tuesday with the United Progressive Alliance (UPA) government and the Opposition attacking each other.
PN Vijay, Portfolio Manager, askpnvijay.com, says that the Parliament is capable to give a substantial trigger to the market. If FDI in retail is passed then retail investors will have confidence in the government.
The Trinamool Congress is planning to hold a 48-hour long demonstration at the Jantar Mantar in the capital starting Monday against price rise and the Centre's decision to introduce foreign direct investment (FDI) in multi-brand retail.
Letter from the Executive Editor: Telling the Truths of FDI in Retail
BJP president Nitin Gadkari told CNBC-TV18 that though the BJP will support the government‘s decisions to revive the economy, it did not favour the policy of using FDI as the only solution to turn the economy around.
Sources tell CNBC-TV18 that DIPP has completed the stakeholder consultations on FDI in multi-brand retail and all stakeholders are in support of the FDI.
Prabhudas Lilladher has come out with its report on India Retail. The government has suspended 51% FDI in Multi - Brand Retail till a consensus is reached amongst all stakeholders
There seems to be a major breakthrough achieved at the all-party meeting with regard to the deadlock over foreign direct investment (FDI) in retail on Wednesday.
The opposition has been very adamant and demanded a complete rollback of retail FDI. Meanwhile, Rajiv Kumar, Secretary General of FICCI indicated that rolling back retail FDI is just not an option. However, he added saying that optimistic retail FDI will not be rolled back.