New Delhi: Expressing its concern over the Parliament’s nod to the Foreign Direct Investment in multi-bran retails, the Supreme Court on Tuesday asked the Centre to file its response on how it intends to safeguard interests of small traders after FDI is allowed in retail sector.

A bench headed by Justice R M 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).

The Apex Court also questioned that the government has got any investment or this is a political gimmick. It also suggested the government to form a regulatory body to protect the interest of small traders.

"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."

Earlier in December 2012, the Parliament passed the proposal of allowing 51 percent FDI in multi-brand retail.


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