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Centre to overturn Delhi govt’s rejection of FDI in retail?
Posted On: 22-01-2014 05:01:25 AM

Earlier this month, the Aam Aadmi Party government had written to the Department of Industrial Policy and Promotion about its decision to reverse the Sheila Dikshit government’s approval of FDI in Delhi. However, as per an article in Hindu, the Centre has claimed the power to reject the Delhi government’s proposed de-notification of FDI in the State. The article quotes sources in the Industry Ministry as saying that after FDI in retail is notified by the government in a State, the powers to de-notify it are with the Centre, and not with the State government. The Ministry, however, is yet to communicate this to the Delhi government.

While the Shops and Establishments Act empowers the Delhi government to regulate retailers they may not be able to block FDI in retail as a State government’s regulations cannot discriminate between foreign and domestic investors, the sources are quoted to have said.

 
 
 

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