• The government on Tuesday notified 100 per cent FDI in single-brand retail, paving way for global chains like Adidas, Louis Vuitton and Gucci to have full ownership of their India operations. 
  • The mandatory sourcing of at least 30 per cent would have to be done from the domestic small and cottage industries which have a maximum investment in plant and machinery of USD 1 million (about Rs. 5 crore). 
  • However, the Government was forced to put on hold FDI in multi-brand retail by several political parties, including UPA ally Trinamool Congress.