BJP news and archive

Now BJP-led Rajasthan bans FDI in retail

There is more bad news for the multi-brand retail sector as the BJP-led Rajasthan government has followed the footsteps of Arvind Kejriwal, Chief Minister of New Delhi. The state has banned foreign direct investment (FDI) in multi-brand retail trading. The news is a blow to several global retailers, who were already in a state of ambiguity due...

Apparel

Opposition continues to create stir over FDI in retail

FDI in retail faces major opposition today in parliament as opposing parties say the decision to implement FDI will only help companies like Walmart which were being “pushed out” of the US market, and render lakhs of Indians jobless. Lok Sabha Speaker Meira Kumar had to adjourn the proceedings till 12pm today, after the opposition firmly...

Apparel

BJP warns of FDI policy roll-back if voted to power

The main Opposition party, Bhartiya Janata Party (BJP) has issued a warning stating that it may scrap the decision to allow foreign direct investment in multi-brand retail, if it’s voted to power. This has prompted the government to rush and reassure potential investors. The BJP has been opposing FDI in multi-brand retail saying it is not in the...