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BUSINESS
A firm "review" will be taken by the Department of Industrial Policy and Promotion (DIPP) only after these inputs are received, a government statement said.
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Updated : Mar 17, 2018, 06:19 AM IST
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The government today said "informal consultations" between senior ministers were held earlier this week to "build clear political understanding" on the discussion paper on foreign direct investment in defence.
Issuing a clarification on commerce and industry minister Anand Sharma's remarks yesterday, it said the issue of FDI in multi-brand retail was, however, not discussed in the meeting of senior ministers, including Pranab Mukherjee, P Chidambaram and AK Antony and Sharma himself.
It said the Department of Consumer Affairs and other concerned ministries are still giving their inputs on the issue.
A firm "review" will be taken by the Department of Industrial Policy and Promotion (DIPP) only after these inputs are received, the statement said.
Blaming media for quoting him (Sharma) "out of context", it said the minister's remarks on huge gap between retail and mandi prices was not linked with FDI in retail.
"His remarks were stemming out of his concern that the farmers do not get remunerative prices for their produce when such a situation arises on account of speculative hoarding...".
