State governments to monitor violation of FDI regulation in retail sector
Nov 26, 2009 FEMA
The Ministry of Commerce & Industry has put the onus of monitoring any violation by companies that have been allowed foreign direct investment (FDI) in the retail sector on state governments.
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Tags: domestic investment, FDI, FEMA, foreign direct investment, foreign exchange management, institutional users, management act, ministry of commerce, parliamentary standing committee, personal consumption, retail companies, retail sector, secretaries and administrators, state governments, union territories