Ummid Assistant

Jamia Millia launches courses on China, Afghanistan

IGNOU launches value education programme for teachers

Welcome Guest! You are here: Home National

Cong, opposition fight over FDI continues; traders call nationwide protests

Wednesday November 30, 2011 09:46:33 PM, IANS

Related Article

PM firm on FDI decision, says it is pro-people

Prime Minister Manmohan Singh Tuesday said the government's decision to allow foreign equity in retail was not taken in haste but after a careful thought to how it would benefit the common man in India.  

Consensus on retail FDI eludes all-party meet, parliament adjourned

Stop politicising FDI in retail, look for bigger benefits: CII

New Delhi: The war over allowing foreign equity in Indian retail market intensified Wednesday with the government and the opposition refusing to budge from their stated positions on the cabinet decision.

The standoff led to parliament shutting down once again for the day without any business conducted since the crucial winter session began Nov 22.

Various traders' organisations have called for nationwide protests Thursday over the decision to allow Foreign Direct Investment (FDI) in multi-brand retail. However, industry lobbies like the CII and the FICCI have extended full support to the cabinet decision.

Despite tough opposition from the Bharatiya Janata Party (BJP) and the Left parties, the Congress ruled out reversing the decision to allow 51 percent FDI in multi-brand retail and 100 percent in single-brand retail.

"The prime minister has made it clear that it is a well thought-out decision and the party supports it," Congress spokesperson Manish Tewari told reporters.

Besides the opposition from outside, the Congress is also fighting a war within. At least two MPs have written to Prime Minister Manmohan Singh asking him to reverse the decision.

Finance Minister Pranab Mukherjee, the Congress' known troubleshooter, held a brief meeting with party president Sonia Gandhi at her 10 Janpath residence before meeting party MPs to allay their apprehensions on the decision, sources said.

Top leaders of the Congress, including Prime Minister Manmohan Singh and Gandhi, went into a huddle to discuss how to resolve the crisis.

The meeting of the Congress core group was held at the prime minister's 7, Race Course Road official residence.

The party sources said that the highest decision making body of the party ruled out any question of withdrawing the decision or diluting it substantially. At the most, minor compromises like raising the cap on purchase from small and medium enterprises (SMEs) may be accepted, informed sources told IANS about the meeting.

The opposition from the Congress partners in the United Progressive Alliance (UPA) -- the DMK and the Trinamool Congress each with 18 Lok Sabha MPs -- is also a major concern for the government.

Manmohan Singh spoke to leaders of the Trinamool and the DMK in a bid to find a way out of the impasse.

He explained to them the need to avoid a political crisis over the FDI issue. This "was well understood" by the leaders of the two parties, the sources said.

Congress spokesperson Manish Tewari confirmed the contact with the key allies but did not take any names. "It is a matter of coordination between us," Tewari said.

Sources said the Congress strategy will be to ensure that the DMK and Trinamool MPs do not vote against the government if an adjournment motion that entails vote on FDI comes up in parliament.

The sources said the DMK has conveyed to the Congress that it would not vote against the government in parliament. The Congress is trying to win over the Trinamool.

As the Congress refused to budge, the opposition was equally categorical saying it won't allow parliament to function unless the government withdraws the decision or agrees to a debate followed by a vote.

The BJP has demanded that normal business be suspended to focus on FDI with a strongly worded adjournment motion demanding revocation of the retail reforms.

"If the government even wants to suggest they want to change the wording of the adjournment motion moved by me, I am making it clear there will be no change," said the BJP's Murli Manohar Joshi.

He also challenged the government's claim that reforms would help fight inflation. "Is there no inflation in places where Wal-Mart exists... The government's statement that these reforms will help employ lakhs of people is absolutely baseless," Joshi added.


 

 

 

 


 

 

 

Bookmark and Share

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

i

i

 

 

 

Top Stories

PM firm on FDI decision, says it is pro-people

Prime Minister Manmohan Singh Tuesday said the government's decision to allow foreign equity in retail was not taken in haste but after a careful thought to how it would benefit the common man in India.  

Consensus on retail FDI eludes all-party meet, parliament adjourned

Stop politicising FDI in retail, look for bigger benefits: CII

 

  Most Read

Its about corruption in Malegaon... Please ignore

This is the latest news from Malegaon. No, not about terrorist attacks and bomb blasts. Not even of communal riots. The headline which is hitting the local newspapers since last few days is this. The Anti Corruption  

Millions vote in by-polls in six states

Polling between 60 percent to as high as 80 percent was recorded in byelections held Wednesday to eight assembly constituencies in six states. Around 50 percent voter turnout was registered in the Kolkata South parliamentary constituency where also by-poll was held. By-polls were held for two assembly seats each in Haryana 

 

  News Pick

NRI body opposes move to tax long stay in India

The largest umbrella organization of overseas Indians has urged the Indian government to withdraw a proposal to impose tax on non-resident Indians staying over 60 days during a visit to the homeland. It will be detrimental 

Pakistan sends notice to US to vacate airbase

Pakistan has sent a notice to the US to vacate the Shamsi airbase that is used to launch drone attacks, Foreign Minister Hina Rabbani Khar said, adding that time had come to review its relations 

Pakistan blocks BBC

Strike paralyses teaching in Punjab, Chandigarh colleges

With hundreds of teachers in nearly 170 private colleges across Punjab and in Chandigarh going on strike Wednesday, classes were affected in these institutions. Punjab and Chandigarh College Teachers' Union (PCCTU) 

 

Picture of the Day

The Prime Minister, Dr. Manmohan Singh and the Emeritus Senior Minister, Mr. Goh Chok Tong, unveiled the bust and the Marker of Pt. Jawaharlal Nehru, at Asian Civilizations Museum, in Singapore on November 20, 2011.

(Photo: M. Asokan )

 

 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Religion

RSS

Scholarships

About us

International

Culture

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

Career

     

Education

     

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2010 Awaz Multimedia & Publications. All rights reserved.