Government confident over Foreign Direct Investment (FDI) vote, FEMA issue

The UPA government Sunday said it was confident of its numbers ahead of a crucial debate with voting on FDI in multi-brand retail in the Lok Sabha Dec 4-5.

foreign direct investment (FDI)

foreign direct investment (FDI)

“We are confident of the numbers. The opposition motion (on FDI in retail) would be defeated in both houses,” Parliamentary Affairs Minister Kamal Nath told CNN-IBN channel in an interview.

 

He also countered the opposition’s argument that amendments to Foreign Exchange Management Act (FEMA), required to facilitate foreign direct investment (FDI) in retail, have to be passed by both houses…Read More

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