Delhi becomes first state to withdraw FDI in Multibrand Retail

The Aam Aadmi Party-led government has withdrawn the Foreign Direct Investment (FDI) in multi-brand retail in Delhi.  The government formally wrote to the Department of Industrial Policy and Promotion (DIPP) to disapprove the setting up of FDI-funded multi-brand retail stores in the State. With this withdrawal, the national capital territory has become the first State Government to withdraw permission for FDI-funded retail stores.

The decision is bound to impact the overall FDI scenario not just in Delhi but also in associated states viz. Haryana, Rajasthan , Punjab, etc, because Delhi is the hub for northern states.

Why such a decision by Delhi Govt.?

Delhi CM Arvind Kejriwal is of the view that though the FDI provides a wide range of choice to consumers but it also creates unemployment as was seen in many countries.  That’s why, the foreign participation into the supermarkets sector would worsen the city’s unemployment problem and therefore the government is opposed to it. The manifesto of Aam Aadmi Party (AAP) party too opposed the policy of FDI in multi-brand retail.

Note: The previous Delhi Government led by the Congress had approved FDI in multi-brand retail. The states that allow FDI funded stores (mostly Congress-led) viz. Himachal Pradesh, Andhra Pradesh, Maharashtra, Haryana, Rajasthan, Manipur, Karnataka, etc.

Sunil Gangopadhyay Awards 2012 & 2013

President Pranab Mukherjee bestowed the Sunil Gangopadhyay Memorial Award for Excellence in Bengali Literature for 2012 and 2013 upon eminent poet and litterateur Nirendranath Chakravarty and Sankha Ghosh at the Raj Bhavan in Kolkata. The award was instituted in 2012 by ‘The Bengal’, a Kolkata-based NGO. 

About Sunil Gangopadhyay

Born: September 7, 1934

Died: October 24, 2012

  • Known for his poems and novels in both West Bengal and Bangladesh.
  • Used the pen names Nil Lohit, Sanatan Pathak, and Nil Upadhyay.
  • His wrote thriller ‘Kakababu’ series which became very popular among children and teenagers.
  • Famous filmmaker Satyajit Ray had made two films ‘Pratidwandi and Aranyer Din Ratri’ based on Gangopadhyay’s novels.
  • He received Sahitya Akademi award in 1985 for his novel Sei Somoy.

He was elected the President of Sahitya Akademi in 2008.