Top Law News Supreme Court refuses to interfere in FDI in retail policy November 6, 2012 by Legal India Admin | Leave a Comment In Delhi The Supreme Court refused to interfere with the policy on FDI in retail saying that if it does not stand in Parliament then it would be at government’s peril. A bench of justice RM Lodha and AR Dave told that the policy making is the “sole prerogative of the executive” and refused to […] Read more ยป 1999 approval of the Parliament Attorney general FDI in retail policy FDI policy FEMA Foreign Exchange Management Act Government government's policy House of Parliament. justice RM Lodha and AR Dave Parliament Parliamentary committee PIL Policy formulation policy on FDI President RBI Section 48 of The Foreign Exchange Management Act sole prerogative of the executive The Supreme Court