Govt approves $209.3 mn FDI proposals

The Indian government on Friday approved 10.34 billion rupees worth of foreign direct investment proposals, the finance ministry said in a statement.

FDI in multi-brand retail: So near yet so far in 2011

It was a case of politics prevailing over policy reforms as far as India's booming retail sector was concerned in the year going by, although that did not deter companies from going ahead and expand their operations.

Government has not 'shelved' FDI in retail: Pranab

He said the government was trying to build a consensus on the issue and would implement it as soon as a broad consensus is reached.

Govt suspends foreign supermarket entry after backlash

The government has suspended its move to open the country's USD 450 billion supermarket sector to foreign firms such as Wal-Mart Stores Inc, backtracking over one of its boldest reforms in years in the face of a huge political backlash.

Opening retail sector good for farmers: Ahluwalia

Moves to open the supermarket sector to foreign direct investors will benefit both consumers and farmers, the deputy chairman of the Planning Commission said on Friday, the latest official to defend a controversial policy passed last week.

Industry appears divided on FDI in multi-brand retail

India Inc on Monday appeared to be divided on allowing FDI in multi-brand retail, an issue which has rocked Parliament and drawn stiff opposition from UPA ally Trinamool Congress.

Vendors' body opposes FDI in retail

The National Association of Street Vendors of India today strongly opposed FDI in the retail sector saying the decision would threaten their livelihood.