The government allowed 51% foreign direct investment (FDI) in multi-brand retail, while completely opening single-brand retail to overseas investors. They said that the move would help bring in the much needed capital for the sector.
Planning Commission Deputy Chairman Montek Singh Ahluwalia shared his views on FDI in retail and justified his points on why it should be done by all the 53 cities. However, he also said that if the states do not want to do it, the calibration gives the states a veto to not do it. Here is the edited transcript of his interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
