July 27, 2012 9:15 PM

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No revisiting on multi-brand retail: Sharma

The Centre has clarified that there was no revisiting on multi-brand retail. Commerce Minister Anand Sharma, however, said the Government was trying to build a wider political consensus on the issue. In a meeting with George Osborne, MP, Chancellor of the Exchequer of United Kingdom, Sharma impressed upon the UK Government to carefully take into account the gains arising to the UK economy from contributions by the highly skilled workers from India. According to Sharma, any unreasonable cap would affect the productivity of around 700 Indian companies, which provide substantial employment in the UK.Earlier in April 2012, the UK Government had stopped the facility of Post Study Work Visa to Indian and other non-EU students which till now allowed them to work for two years after completion of their graduation and post-graduation.

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