Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsTrendsCurrent AffairsGovernment wins retail FDI vote in Rajya Sabha

    Government wins retail FDI vote in Rajya Sabha

    The government on Friday won a non-binding vote in the Rajya Sabha on its new policy to allow foreign superstores to enter the country's USD 450 billion retail market.

    December 07, 2012 / 18:32 IST

    The government on Friday won a non-binding vote in the Rajya Sabha on its new policy to allow foreign superstores to enter the country's USD 450 billion retail market.


    Prime Minister Manmohan Singh's Congress party-led minority government secured the victory after Mayawati's Bahujan Samaj Party voted in favour of retail reform and the Samajwadi Party abstained.

    The government won a vote in the Lok Sabha on Wednesday thanks to abstentions of the same two parties, but had originally looked set to lose in the Rajya Sabha, where it has fewer parliamentary seats.

    first published: Dec 7, 2012 03:22 pm

    Discover 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!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    CloseOutskill Genai