On July 22, when the Committee of Secretaries gave its nod to 51% FDI in multi-brand retail, there was reason to believe that it was only a matter of time when the long anticipated proposal will be cleared by the government. But according to sources, foreign retailers will not be allowed to open front-end stores till mid 2012, reports CNBC-TV18's Elan Dutta.
After scenes of protests against organized retail in October 2007, it seems UPA-II has not overcome its fears over permitting foreign retailers in India.
The Wal-Mart
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