Supreme Court gives Centre 2 weeks to amend RBI rules for FDI in retail
The Supreme Court has said that the government's recently-introduced reforms in retail lack legal sanction. The court has given the government till November 5 to amend the existing rules of the Reserve Bank of India to allow the implementation of the new policy. The court made it clear that it's asking for processes to be followed, and is not challenging the new rules; it also refused to suspend the new reforms till the technicality is sorted out.
