.....The apex court on October 5 had sought the assistance of top law officers in hearing the PIL filed by Sharma against opening the multi-brand retail sector to FDI, saying there was a need for clarification since some link is missing pertaining to RBI regulation on the issue. The bench said RBI should have amended the FEMA regulations before the implementation of FDI policy and asked the banking regulator to take steps to remove the lacunae in the way of giving a final shape to the policy. "At least it can be said that it is an irregularity that is curable and as soon as amendment is brought, it would be cured," the bench said........
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