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Govt may tweak retail FDI norms to ease foreign chains' entry

The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.

Decision on IKEA proposal: CCEA meeting postponed

The meeting of Cabinet Committee on Economic Affairs, which was scheduled to consider the Rs 10,500 crore proposal of Swedish furniture major IKEA, did not take place Wednesday due to paucity of time.

FDI in retail: Increase mandatory sourcing norm to 50%

Days after the government relaxed FDI norms in the retail sector, the country's apex apparel body AEPC on Tuesday said foreign retailers must be made to source up to 50 percent from MSMEs to protect domestic manufacturers.

Govt trying to build consensus on reforms, FDI in retail: FM

Expressing commitment to push forward economic reforms, Finance Minister Pranab Mukherjee on Friday said the government is making efforts to build a consensus on important economic legislations, including PFRDA and foreign investment in multi-brand retail.

PM defies calls for rollback of FDI in retail sector

Fighting-off demands for a U-turn on allowing foreign investment in supermarkets, Prime Minister Manmohan Singh said on Tuesday that the policy would bring jobs and technology to farmers.

Supermarket FDI plan moving 'very fast': Industry secy

India is moving quickly on a plan to open its USD 450 billion retail sector to global players such as Wal-Mart, despite concerns about job losses among millions of small neighbourhood stores, the industry secretary said on Wednesday.

FDI can scale modern retail sector to Rs 3.5 trillion by 2015: Crisil

The penetration of the domestic organised retail sector will increase from the current 6.5 percent to nine by 2015, if the proposed move to allow foreign direct investment (FDI) in retail sector is implemented quickly, according to leading rating agency Crisil.