Investors showing interest in ‘Make in India’: Sinha.
Concern is over government’s “Make in India” mission and e-commerce, as there is need to promote ‘Swadeshi’
“We are of the opinion that FDI in e-commerce should be prohibited by law.”
Yadav said he was in touch with other parties, including the TMC and Left parties, on the matter.
NDA has embraced previous government’s worldview. It differs only in implementation.
While a lot is expected from the Budget, a strong participation by domestic and foreign investors and rise in the markets will among other things.
Left parties shot off a letter to President Pranab Mukherjee urging him not to approve these ordinances.
The new model has adopted an enterprise-based definition, aligning the FDI policy with the BIT.
Finance minister Arun Jaitley on Wednesday spelt out further reforms including plans to raise the foreign investment cap in insurance sector.
Investment and built-up area threshold have been brought down.
Naidu said he hoped the Opposition would understand “the mood of the nation” and cooperate with the government.
Web portal Cobrapost in a sting has claimed that store executives let routine shoppers buy goods for personal use.
Currently, investors are permitted to exit on completion of the project or after three years from the date of final investment.
Ministry identifies 17 areas under FDI guidelines.
Economic think-tank had suggested that the Indian economy was likely to grow at 5.7 per cent in 2014-15
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