Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Retail FDI policy to stay-------news. Will it harm entry of multinationals like Walmart etc.? Your views?

Tags: money, fdi, retail
Asked by Good Citizen, 14 Mar '13 11:33 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (4)

 
1.

It is good for consumers but not good for small merchants... eg. Sector 18 Noida is filled with small and big shops but with the opening of Great India Place (Mall), these shops have hardly any business because every customer is turning to GIP as for the customer, he gets everything available at GIP comparatively at cheaper rates.
Answered by vasudevan surendran, 14 Mar '13 03:32 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

No harm at all the govt will gain by way of VAT being paid even on the smallest transaction.
e.g. if i buy a pack of cigrettes in , say, manila i get a receipt with vat charged clearly shown on it., and the vat is on the sale price does it happen in india do the indian retailer issue a receipt and thereby charge VAT
Answered by iqbal seth, 14 Mar '13 11:36 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

No
Answered by Quest, 14 Mar '13 01:56 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining