-The Telegraph The CPM today claimed the government was legally bound to have its decision on allowing foreign direct investment in multi-brand retail ratified by Parliament and urged the Centre to agree on a discussion under a rule that entails voting. Party MP Sitaram Yechury said according to Section 48 of the Foreign Exchange Management Act, amendments to permit FDI in the sector have to be endorsed by Parliament within a time...
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Confident government agrees to vote on FDI
-The Times of India The gridlock in Parliament over foreign direct investment in multi-brand retail is set to ease with the Manmohan Singh government - armed with ally DMK's support - dropping its resistance to a discussion under a rule that necessitates a vote. The detente over FDI could see fresh discussion between the ruling coalition and BJP over the winter session's legislative agenda with parliamentary affairs minister Kamal Nath expected to...
More »FDI in retail: Government agrees to a vote; Kamal Nath to meet Arun Jaitley, Sushma Swaraj today -Mala Das
-NDTV Officially, the UPA says it will abide by the Lok Sabha Speaker's decision on whether or not a discussion in the House on foreign direct investment in multi-brand retail will be followed by a vote. It seems, however, to be preparing for that vote and Parliamentary Affairs Minister Kamal Nath will meet the BJP's Sushma Swaraj and Arun Jaitley today to discuss modalities. The Manmohan Singh government had so far...
More »Joshi formula among 3 CAG used to estimate 2G loss -Appu Esthose Suresh
-The Indian Express One of the three formulae used by the Comptroller and Auditor General to calculate the loss to the government for selling 2G spectrum on a first-come-first-served basis was suggested by BJP leader and Parliament’s Public Accounts Committee (PAC) chairman Murli Manohar Joshi. When the team conducting the audit said they “are not on strong ground” in basing the loss on the formula suggested, they were told by CAG headquarters...
More »Congress braces for a stormy winter session of Parliament
-The Times of India Congress faces an array of opponents keen to corner it over its decision to allow foreign direct investment in multi-brand retail raising the possibility of raucous disruptions as the winter session of Parliament gets underway on Thursday. The bone of contention is the Opposition's demand that the FDI policy be discussed under a rule that entails a floor test and the government's determination not to accept such a...
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