SC poser to Centre on retail FDI impact
23 Jan 2013 6:41 AM IST
In a poser to the government whether it had factored in the apprehension of small traders before allowing FDI in multi-brand retail sector, the SC wondered if the decision was a ‘political gimmick’.
‘Have you brought FDI as a political gimmick or has it borne any fruits,’ asked the apex court bench of Justice R M Lodha and Justice S J Mukhopadhaya, while asking the central govt to file its response to a petition filed by advocate M L Sharma claiming that the entry of the MNC’s would hurt the livelihood of 35 cr Indians.
Asking Attorney General GE Vahanvati to file response to the petition in three weeks, Justice Lodha said: ‘Our exercise is confined to constitutional principles. We don't want to substitute government policies.’ Vahanvati told the court that two resolutions negating theFDI tabled in both houses of parliament were rejected.
Justice Mukhopadhaya asked ‘what affect the FDI will have on other traders. Will it affect the free trade of small traders and affect their fundamental right to trade’.
‘Have you brought FDI as a political gimmick or has it borne any fruits,’ asked the apex court bench of Justice R M Lodha and Justice S J Mukhopadhaya, while asking the central govt to file its response to a petition filed by advocate M L Sharma claiming that the entry of the MNC’s would hurt the livelihood of 35 cr Indians.
Asking Attorney General GE Vahanvati to file response to the petition in three weeks, Justice Lodha said: ‘Our exercise is confined to constitutional principles. We don't want to substitute government policies.’ Vahanvati told the court that two resolutions negating theFDI tabled in both houses of parliament were rejected.
Justice Mukhopadhaya asked ‘what affect the FDI will have on other traders. Will it affect the free trade of small traders and affect their fundamental right to trade’.
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