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Which State/Union Territory decided in May 2015 not to allow Foreign Direct Investment in retail market?
Question

Which State/Union Territory decided in May 2015 not to allow Foreign Direct Investment in retail market?

A.

Haryana

B.

Delhi

C.

Mizoram

D.

Kerala

Correct option is B

In May 2015, the Delhi government, under the leadership of Chief Minister Arvind Kejriwal, decided not to allow Foreign Direct Investment (FDI) in the retail sector. This decision was taken based on the argument that it would protect the interests of small traders and local businesses, who were concerned that FDI in multi-brand retail could negatively impact their livelihoods.

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