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Flipkart-Aditya Birla Fashion proposed deal violates the government’s FDI policy: CAIT

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Flipkart-Aditya Birla Fashion proposed deal violates the government’s FDI policy: CAIT

Traders’ body CAIT on Tuesday brought up criticisms over Aditya Birla Fashion and Retail’s arrangements to raise Rs 1,500 crore by giving 7.8 percent stake to Walmart-claimed Flipkart Group, charging that the proposed bargain disregards the administration’s FDI strategy.
The Confederation of All India Traders (CAIT) kept in touch with business serve Piyush Goyal in such manner asking him to preclude Aditya Birla Fashion and Retail Ltd (ABFRL) from straightforwardly or by implication selling its stock on the commercial center stages possessed/constrained by the Flipkart Group. It additionally mentioned the clergyman “to not permit the proposed FDI except if they attempt that ABFRL won’t sell its stock through any of the commercial center stages claimed/constrained by Walmart-possessed Flipkart Group”.ABFRL said it intends to utilize this money to fortify its asset report and quicken its development direction.
The organization said it has likewise gone into a business arrangement comparable to the deal and circulation of its different brands. The exchange is dependent upon administrative and other standard approvals.”In its recording to the stock trade, an unmistakable purpose to make ABFRL a favored vender on the commercial centers possessed and worked by Flipkart Group is indicated which carefully abuses the arrangement of the administration,” CAIT said in the letter to Goyal.
The dealers’ body expressed that the present FDI strategy unmistakably precludes an unfamiliar organization to wander in any types of multi-brand retail exchanging (MBRT) including through online business by having any value premiums in the merchants available stage, or legitimately/in a roundabout way controlling their stock through side arrangements, or under the clothing of B2B web based business. It said the “prohibitive arrangements in FDI strategy, through press note 2 of 2018, were made to ensure the little brokers/kirana retailers and Indian industry from the assault of capital tricking by unfamiliar worldwide organizations and any infringement of such arrangement must be carefully managed”.

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US vice president JD Vance, wife Usha and kids visit Jaipur’s iconic Amber Fort | Pics

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US vice president JD Vance, wife Usha and kids visit Jaipur’s iconic Amber Fort | Pics

US Vice President JD Vance, his wife Usha Vance, and their children visited the historical Amer Fort in Jaipur on April 22, 2025. The Vance family received a warm welcome at the Fort, where they were greeted with a traditional Rajasthani dance performance and elegantly decorated elephants. Second Lady Usha Vance, the wife of US vice president JD Vance, carries her daughter Mirabel as they watch a cultural performance at the Amber Fort in Jaipur.

Rajasthan CM Bhajanlal Sharma welcomed the Vance family as they visited the historic Amer Fort in Jaipur. The Vance family will depart for the US early Thursday morning. In related news, JD Vance and wife Usha attended Good Friday service at St. Peter’s Basilica in Vatican City. Vance also visited the Taj Mahal in Agra on April 23, 2025. Vance said that “good progress.

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In other news, Pope Francis’ funeral is set to start on Wednesday, and the J&K tourist hub has been completely shut today. On 4/20, celebrations across the US highlight cannabis culture and calls for legalization had been made towards a trade deal with India after meeting with “tough negotiator” Prime Minister Narendra Modi in New Delhi. The Vance family visited.

On April 22, 2025, US Vice President JD Vance, accompanied by his wife Usha Vance, and their three children, visited Jaipur’s historic Amber Fort. The family received a warm welcome, highlighted by traditional Rajasthani folk performances and a red carpet reception. As they entered the fort’s main courtyard, Jaleb Chowk, they were greeted by two elegantly decorated elephants named Chanda and Mala, raising their trunks in greeting. ​

During their visit, the Vances were joined by Rajasthan Chief Minister Bhajanlal Sharma and Deputy Chief Minister Diya Kumari, who guided them through the fort’s rich history and architectural marvels. The family also enjoyed cultural performances featuring traditional dances such as Kacchi Ghodi, Ghoomar, and Kalbeliya, offering a glimpse into the vibrant.

Usha Vance, dressed in a chic white shirt and patterned skirt, explored the fort alongside her family and dignitaries, embracing the cultural experience culture of Rajasthan This visit was part of Vice President Vance’s four-day official trip to India, aimed at strengthening bilateral relations between the United States and India. The Vance family departed for Washington.

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Bhajanlal Sharma welcomed the Vance family as they visited the historic Amer from Jaipur on April 24, concluding their cultural tour of India Upon their arrival at Amber Fort, the Vance family was greeted with traditional Rajasthani hospitality. Two elegantly decorated elephants, Chanda and Pushpa, adorned with silver ornaments, were stationed at the entrance welcome.

The family was also treated to a cultural performance featuring folk artists dressed in traditional Rajputi and Kalbelia attire, accompanied by musicians playing regional instruments. The vibrant rangolis and the overall festive atmosphere highlighted the rich cultural tapestry of Rajasthan The fort’s impressive courtyards and majestic structures.

Exploring the Fort’s Historical Significance

During their tour of Amber Fort, the Vance family explored various architectural marvels, including the Sheesh Mahal (Mirror Palace), known for its intricate mirror work and stunning design. They were accompanied by Rajasthan Chief Minister Bhajanlal Sharma and Deputy Chief Minister Diya Kumari, who provided insights into the fort’s history and significance.​

Engaging with Local Culture

Throughout their visit, Vice President Vance demonstrated a keen interest in engaging with The Vance family’s visit to Amber Fort was part local culture. He interacted with the folk artists and expressed appreciation for the traditional performances, reflecting a genuine curiosity and respect for India’s diverse cultural heritage.​

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