Independent MP withdraws FEMA motion

Last Updated: Wed, Dec 05, 2012 13:20 hrs

New Delhi, Dec 5 (IANS) Independent MP Hasan Khan Wednesday withdrew his motion to amend the Foreign Exchange Management Act (FEMA) to allow entities with up to 51 percent

foreign equity in India's multi-brand retail trade segment.

Saying that he was satisfied by the government's reply, Khan withdrew his motion.

More from Sify: