Draft Press Notes on FDI regulatory framework fail to address the gap between the domestic and foreign regulatory regimes.
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For India to invoke "sovereign" or "state" immunity to safeguard its foreign assets, which are under threat of getting seized in the intensifying legal battle with Cairn Energy, may come with several riders. Experts point out that the Indian government has to first satisfy the French court that the properties or assets that are under consideration are being used to dispense the state's sovereign functions.
Protectionist and exclusionary FTAs weaken multilateralism.
