FDI Policy SC refuses to stay the FDI policy in Retail Asks RBI to amend FEMA Regulations to implement policy

FDI Policy SC refuses to stay the FDI policy in Retail Asks RBI to amend FEMA Regulations to implement policy

The Supreme Court today, while hearing a writ petition filed by Advocate ML Sharma challenging the validity of the government notification to allow Foreign Direct Investment (FDI) in retail and aviation sectors, refused to stay the Centre’s decision.

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