Hyper-Inactive Govt freezes Foreign hypermarkets

The government has frozen plans to allow foreign firms into Indias retail sector,bowing to protests from ally Trinamool Congress,which has upped the ante and put other planned reform measures on notice,potentially dealing a severe blow to the UPAs authority.After Trinamool leader Mamata Banerjee announced on Saturday that the government was set to throw in the towel on the issue,Finance Minister Pranab Mukherjee on Monday formally conveyed to BJP-led NDA and the Left parties the governments decision to put retail FDI on hold.

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