It is day three of the winter session in Parliament. Uproar in the Lok Sabha and Rajya Sabha over the issue of rising prices saw both houses adjourned until noon.
Another prickly subject is FDI in single and multi-brand retail. The Union Cabinet meets today to decide on allowing Foreign Direct Investment (FDI) in the sector. The Cabinet is likely to approve 51% FDI in multi-brand retailing and may increase the FDI ceiling to 100% from the present 51% in single-brand retail.
Shobhana Bhartia, Chairperson, Hindustan Times Group and Member of Parliament, Rajya Sabha tells CNBC-TV18 that she will be surprised if FDI in retail does not get through Parliament.
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