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Amazon-Future Case | Government Needs To Enforce FDI Rules In Substance Rather Than Form

Amazon-Future case | Government needs to enforce FDI rules in substance rather than form
Delhi High Court finds that Amazon’s deals with Future Group amounts to control of Future Retail and violates FDI laws.
M Rajendran
Rank 4 | Company: Amazon (Image: Reuters)
Foreign Direct Investment (FDI) is a critical component to boost economic growth in a capital starved nation such as India. At the same time, the rights granted to foreign capital should be balanced against the development needs of the country so that foreign monopolies do not take root and destroy local small businesses.
Thus, in an area such as the retail sector, the Indian government – regardless of the political party in power has been cautious in allowing FDI. But that has not prevented foreign companies in trying to seek a toehold in this fast growing sector (expected to reach $1.75 trillion by 2026), sometimes by breaking the rules. The governmen ....

Kishore Biyani , Coupons Ltd , Confederation Of All India Traders , Amazon Inc , India Online Vendors Association , Delhi High Court , High Court , Direct Investment , Future Group , Future Retail Amazon , Future Coupons Ltd , Future Coupons , Future Retail , Future Reliance Retail , All India Traders , All India Online Vendors Association , Reliance Retail , Companies Act , கிஷோர் பியானி , கூப்பன்கள் லிமிடெட் , கூட்டமைப்பு ஆஃப் அனைத்தும் இந்தியா வர்த்தகர்கள் , அமேசான் இன்க் , இந்தியா நிகழ்நிலை விற்பனையாளர்கள் சங்கம் , டெல்ஹி உயர் நீதிமன்றம் , உயர் நீதிமன்றம் , நேரடி முதலீடு ,

Regulators free to decide on Reliance deal after Delhi HC order: Future Retail to BSE, NSE

Updated Dec 23, 2020 | 23:19 IST
Though CCI had already approved the Future Retail-Reliance Group deal last month despite opposition by Amazon, SEBI is yet to decide on the deal s validity.
Representational Image
After CCI nod, Future Retail awaits SEBI nod to execute Reliance deal as Amazon opposes
HC yet to decide on merits of Emergency arbitrator s order to halt Future Retail-Reliance deal
Future Retail, Reliance Group, Amazon yet to challenge HC order in SC
A few days after the Delhi High Court left it to regulators Securities and Exchange Board of India (SEBI) and Competition Commission of India (CCI) to decide the legality of the Rs 24,713 crore Future Retail-Reliance Group deal, Future Retail has written a letter to National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). ....

Delhi High Court , Supreme Court , Reliance Group , Exchange Board Of India , Competition Commission Of India , High Court , Bombay Stock Exchange , National Stock Exchange , Representational Image , Future Retail , Future Retail Reliance , Exchange Board , Competition Commission , Future Retail Reliance Group , Future Retail Amazon , டெல்ஹி உயர் நீதிமன்றம் , உச்ச நீதிமன்றம் , நம்பகத்தன்மை குழு , பரிமாற்றம் பலகை ஆஃப் இந்தியா , போட்டி தரகு ஆஃப் இந்தியா , உயர் நீதிமன்றம் , குண்டு ஸ்டாக் பரிமாற்றம் , தேசிய ஸ்டாக் பரிமாற்றம் , எதிர்கால சில்லறை , எதிர்கால சில்லறை நம்பகத்தன்மை , பரிமாற்றம் பலகை ,