The liberalisation of retail trading regulations is stuck after Press Notes 2, 3 and 4 and still needs to see significantly more action before it is workable, argues LexCounsel partner Alishan Naqvee.

Confounding expectations Press Notes 2 and 4 will stay as they are, according to a press report this morning. Perhaps a few lawyers will not have been surprised, however. “There is no plan to make any changes in Press Note 2 and 4 at all,” an unnamed “senior finance ministry official” told the India...