Government retains 51% FDI in multi-brand retail

Poll promise ignored, earlier stand negated. NDA has decided to stick with UPA's policy of 51% FDI in multi-brand retail , as against its pre-poll promises. While NDA had protested against then UPA govenment for allowing FDI, 3 years later, government has taken a massive u-turn on its earlier stand. While BJP leader had called it a death knell for small industries in 2012, in 2015 BJP justified govt's u-turn by saying that revoking FID would send a negative signal to foreign investors.

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