1. Karnataka approves retail trade policy

Karnataka approves retail trade policy

The Karnataka government on Wednesday approved the retail trade policy, which is expected to attract fresh investments into the state.

By: | Bangalore | Published: June 9, 2016 7:29 AM

The Karnataka government on Wednesday approved the retail trade policy, which is expected to attract fresh investments into the state. The policy will result in relaxing retail norms and listing food and grocery business under ‘essential services’ to protect them from closures during bandhs and increases stocking limit on case-to-case basis.

The policy, which was approved by the state cabinet, will enable simplification of labour laws and prevent workers engaged by the retailers going on labour strikes.

According to state’s law minister T B Jayachandra, the proposed policy enables relaxation of rules under the Shops and Establishments Act. It will enable establishments to work long hours and engage women workforce in night shifts with certain conditions.

The new policy would result in increasing employment opportunities and open up opportunities for expansion of retail trade in rural areas of the state, Jayachandra added.

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