{"id":1569,"date":"2012-09-25T14:16:56","date_gmt":"2012-09-25T08:46:56","guid":{"rendered":"http:\/\/www.franchisezing.com\/franchise\/?p=1569"},"modified":"2012-09-25T14:16:56","modified_gmt":"2012-09-25T08:46:56","slug":"karnataka-not-in-consent-to-welcome-fdi","status":"publish","type":"post","link":"https:\/\/www.franchisezing.com\/franchise\/karnataka-not-in-consent-to-welcome-fdi\/","title":{"rendered":"Karnataka not in consent to welcome FDI"},"content":{"rendered":"<p><a href=\"https:\/\/www.franchisezing.com\/franchise\/wp-content\/uploads\/2012\/09\/FDI-Retail-India-Logo.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.franchisezing.com\/franchise\/wp-content\/uploads\/2012\/09\/FDI-Retail-India-Logo.jpg\" alt=\"\" title=\"FDI-Retail-India-Logo\" width=\"300\" height=\"271\" class=\"alignleft size-full wp-image-1570\" \/><\/a>Standing on the decisions of not welcoming FDI in India, Karnataka resolute not to allow Foreign direct Investment in the state, Agriculture Marketing Minister SK Bellubbi asserted.<\/p>\n<p>The Minister said the state government has decided to not to allow FDI in multi-brand retail as it would go against the interests of farmers and small traders.<\/p>\n<p>He added that the Central Government\u2019s decision to allow up to 51 percent FDI in multi-brand retail would lead to job loss for several people. He said the Centre\u2019s decision is similar to the entry of erstwhile East India Company.<\/p>\n<p>The Minister said the policy of allowing foreign investment in retail sector will benefit only a small section of people and not the vast majority.<\/p>\n<p>Meanwhile, the Indian Government has issued a notification bringing the 51 percent FDI cap in multi-brand retail into effect.<\/p>\n<p>The policy has been adopted by 10 states and union territories that have agreed to implement the Government\u2019s decision.<\/p>\n<p>Along with Karnataka, states like Madhya Pradesh and Gujarat, which are also ruled by the main opposition Bharatiya Janata Party (BJP), have opposed the Cemtre\u2019s decision terming it as anti-poor.<\/p>\n<p>As per the policy framed by the Union Government, consent of the respective state governments is necessary for allowing foreign companies to invest in multi-brand retail trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standing on the decisions of not welcoming FDI in India, Karnataka resolute not to allow Foreign direct Investment in the state, Agriculture Marketing Minister SK Bellubbi asserted. The Minister said&nbsp;[ &hellip; ]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[787,4],"tags":[],"class_list":["post-1569","post","type-post","status-publish","format-standard","hentry","category-news","category-retail-news","list-style-post"],"_links":{"self":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/1569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/comments?post=1569"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/1569\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/media?parent=1569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/categories?post=1569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/tags?post=1569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}