 "Walmart probe: ED asks DIPP to clarify rules on FDI in retail")
ED in its communication to DIPP has sought clarifications on rules and regulations that monitor FDI before and during 2010, official sources said. The agency is probing alleged ‘contravention’ of forex rules in this case under provisions of Foreign Exchange Management Act on directions of the Reserve Bank of India.
The ED decided to approach the DIPP after it studied replies sent by Walmart and its Indian partners.
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