The Supreme Court on Jan 22,2013 Tuesday asked the Centre to explain how it plans to protect small traders after allowing foreign direct investment (FDI) in the retail sector.
"Have you got any investments or just a political gimmick? Has the FDI policy brought some fruits?"the court asked the Govt while hearing a public interest litigation (PIL) which challenges the FDI notification.
"What are the checks put by the Centre in the policy so as not to affect the small traders? If big companies adopt unfair trade practices and bring down the prices what will happen to small traders?" the court said
SC has asked the Centre to file an affidavit within three weeks.
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