Supreme Court dismisses petition against FDI in multi-brand retail

The Supreme Court on Wednesday upheld the government's policy of allowing foreign direct investment (FDI) in multi-brand retail, holding that as a policy, it did not suffer from any constitutional or statutory infirmity.

The policy was challenged by advocate M.L. Sharma who had contended that FDI in multi-brand retail was introduced by issuing two press notes, without amending relevant provisions and rules regulating FDI in retail.

The apex court bench headed by Justice R.M. Lodha, while dismissing the petition on Wednesday, said: "On matters affecting policy, this court does not interfere unless the policy is unconstitutional, contrary to statutory provisions, arbitrary, irrational, or in abuse of power."

Having said this, the court said the impugned policy did not suffer from any vires, and there was no merit in the challenge to it.

Supreme Court of India, being the protector of Fundamental Rights of the Citizen, has effectively failed to protect the fundamental Rights of Citizen and also failed to consider the intention of the constitution makers and main object of the constitution. And also failed to note the criticisms by Indian Economists. The Supreme Court especially failed to note that the govt. is part of society but not a commander to the society and thus the decision of any govt.body shall reflects the interest of the Nation. The Supreme Court / Govt. of India / President of India cannot serve the facility to every citizen to survive. But every citizen cause to make a facility to serve the facility to them. The Supreme Court cannot give any assurance among the lives and careers of the Citizens. The Supreme Court decision might be in favour of the foreign countries and detrimental to the interest of the Nation. 

 

VIKAS KUMAR GUPTA

 PGDM 2ND SEM