FDI allow in multi brand retail

The cabinet of Indian government approve to permit 51% FDI in multi brand retail segment yesterday meeting,
this decision will boost for WALL MART,TESCO and CARREFOUR can now up their holding up to 51% in multi brand retail .
Even some division seen in congress party and UPA on this issue,government also permit 100% FDI single brand retail ,
Economist viewing its also help for India some viewing its as hammer for small retail business in India,government feeling this moov with push Indian customer to touch multi international brand with him at lower cost it benefit consumer.
Stocks related to this sector moving up word already at last hour of trade on hope of this approval,benedictory stock like Pantaloon ,Bharti and shopper stop gains.

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