News Politics National Prashant Bhushan's press conference disrupted in Delhi

Prashant Bhushan's press conference disrupted in Delhi

New Delhi: In a significant decision, Aam Aadmi Party Government today withdrew the approval given by the previous Sheila Dikshit dispensation to FDI in multibrand retail in Delhi, its first major reversal of policy.Delhi's Industry

Dikshit had been strongly backing the Centre's decision to allow FDI in multibrand retail.

As per the FDI policy approved by the Cabinet, the final authority for granting trade licence rests with the states under their respective Shops and Establishment Acts.

States which had supported the Centre's decision on FDI in retail includes Maharashtra, Delhi, Jammu and Kashmir, Haryana, Rajasthan, Uttarakhand, Andhra Pradesh and Assam - all ruled by the UPA then.

As per Centre's decision, foreign retailers will only be allowed to set up shop in cities with over one million population.

Arvind Kejriwal-led Aam Aadmi Party had in its manifesto opposed the policy of allowing FDI in multi-brand retail.