FEMA changes for FDI in retail tabled

Ahead of a crucial debate in parliament on FDI in retail, the government Friday tabled in the Lok Sabha the amendments to the Foreign Exchange Management Act (FEMA) to facilitate it.

The amendments to FEMA rules are required to facilitate foreign direct investment in multi-brand retail.

A debate with voting on the issue is expected in the Lok Sabha Dec 4 and 5 and later in the Rajya Sabha.

Both houses of parliament saw repeated disruptions on the issue of FDI in retail since the session began Nov 22.