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FDI: How do you intend to safeguard interests of small traders, SC asks Centre

Tuesday, 22 January 2013 - 12:52pm IST Updated: Tuesday, 22 January 2013 - 4:35pm IST | Place: New Delhi | Agency: PTI

The apex court said that some regulatory measures should be there to protect the interests of small traders.

The Supreme Court today said that interest of small retail traders should not be affected due to foreign direct investment (FDI) in retail sector and sought response from the Centre on how it intends to safeguard their interests.

A bench headed by Justice RM Lodha asked the Centre to file its response within three weeks.

"What checks are there to ensure that free trade is not affected, particularly the interest of small traders," the bench said while hearing a public interest litigation (PIL).

"Apprehension is there in the mind of people that small traders' interest would be affected," the bench said, adding, "Some regulatory measures should be there."

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