India, Sept. 24 -- The government has proposed to formulate a National Retail Trade Policy and stakeholder consultations are being held for the same, Parliament was informed on Wednesday. In a written reply in the Rajya Sabha, Commerce and Industry Minister Piyush Goyal said that the government has set up a National Traders" Welfare Board with the objectives of welfare of traders and their employees, simplification of the Acts and rules applicable to traders, reduction of compliance burden and improvement in access to funds.

"Yes. The government proposes to formulate National Retail Trade Policy," he said in reply to a question.

Replying to a separate question, he said the government is in the process of finalising a National Logist...