FEMA changes for FDI in retail tabled

By IANS,

New Delhi : Ahead of a crucial debate in parliament on FDI in retail, the government Friday tabled in the Lok Sabha the amendments to the Foreign Exchange Management Act (FEMA) to facilitate it.


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The amendments to FEMA rules are required to facilitate foreign direct investment in multi-brand retail.

A debate with voting on the issue is expected in the Lok Sabha Dec 4 and 5 and later in the Rajya Sabha.

Both houses of parliament saw repeated disruptions on the issue of FDI in retail since the session began Nov 22.

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