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FDI in multi-brand retail won't get nod from FinMin
DIPP favours a conditional easing of regime; North Block says preparatory work can go on. The finance ministry is arriving at a consensus to reject a proposal mooted in government to permit foreign direct investment (FDI) in multi-brand retailing. A top source in the ministry told Business Standard: "We believe that the time has still not come to allow FDI in multi-brand retailing. While the preparatory