apprehension is that these (big) companies can artificially reduce the price which the small traders cannot afford to do,” the court said. “These apprehensions have to be cleared.”
The court asked the Attorney General to file an affidavit within three weeks addressing issues relating to farmers’ interests. While posting the matter after five weeks, it also asked PIL petitioner advocate M L Sharma to respond to the Centre’s affidavit.
The PIL had challenged a government circular issued on September 20, allowing FDI in multi-brand retail, contending it had no legal sanctity since the RBI had not brought about the required amendments in the 2000 regulation as per the Foreign Exchange Management Act.