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Govt to notify 100% FDI in single brand retail soon
The government is soon expected to issue the notification allowing 100 per cent foreign direct investment in single brand retail, Industry Secretary, P.K.Chaudhery said on Friday.
After years of delay due to political opposition, India’s cabinet on Nov. 24 approved 51 per cent foreign ownership in multi-brand retail, with conditions, and full ownership in single-brand retail.
However the government later suspended plans to open its $450 billion supermarket sector to foreign firms due to huge political opposition, backtracking from one of its boldest reforms in years.
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Mr. Rajeev Prakash
Rajeev is a well-known astrologer based in central India who has a deep understanding of both personal and mundane astrology. His team has been closely monitoring the movements of various global financial markets, including equities, precious metals, currency pairs, yields, and treasury bonds.
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