-IANS The deadlock in Parliament over the government's decision to allow foreign direct investment (FDI) in retail ended on Wednesday after an all-party meeting passed a resolution to suspend the move till a consensus was reached. Both houses of Parliament functioned normally and took the crucial Question Hour for the first time since the winter session began on November 22. Finance minister Pranab Mukherjee who chaired the meeting made a brief statement in...
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Single-brand FDI map stays, may be step by step now for multi-brand by P Vaidyanathan Iyer
The government is likely to recalibrate its retail foreign investment strategy, while simultaneously trying to bridge the political divide with allies and states. Government sources said with neither the opposition nor the allies, Trinamool and DMK, objecting to 100 per cent FDI in single-brand retail approved by the cabinet, the commerce and industry ministry would work on a notification to operationalise the decision. “Our understanding is we can work on rules for...
More »FDI on hold, Pranab tells Opposition
-The Hindu Union Finance Minister Pranab Mukherjee on Monday confirmed to a section of the Opposition that the Union government had decided to put on hold the move to allow foreign equity in the multi-brand retail sector, pending further consultations. The issue has stalled Parliament since November 25. However, it is not immediately clear whether this is enough to break the deadlock. On Monday, Mr. Mukherjee called up BJP leaders L.K. Advani and...
More »Water, not safety, Kerala’s main issue: TN farmers by Gopu Mohan
-The Indian Express Unmoved by the blitzkrieg from Kerala about the “imminent collapse” of the Mullaperiyar dam, those in support of Tamil Nadu’s stand on the dispute argue that their neighbour’s catchy slogan ‘safety for Kerala, water for Tamil Nadu’ does not capture the devil that is in the detail. While Kerala has pegged its campaign for a new dam completely on the safety aspect of the older one, which it claims...
More »Unparliamentary flip flops mar FDI debate
-CNN-IBN "Many said that Kentucky (KFC) will drive the dhabas out of the market. The dhabas have driven out Kentucky. The Indian sherbet is still there despite Coca Cola and Pepsi. Don't underestimate India." That was former NDA finance minister Jaswant Singh in 2004 when he supported FDI in retail. "Fifty per cent of our population, comprising of small traders, street-vendors and the self-employed, sustain themselves through retail businesses. The UPA government...
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