-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...
More »SEARCH RESULT
FDI in retail will boost agro-economy: Amarinder Singh
-PTI Punjab Pradesh Congress Committee President Amarinder Singh on Sunday said that Foreign Direct Investment in retail would boost agricultural-based economy of the state. "Organised multi-brand retail stores are in the interest of both the producers as well as the retailers and consumers," he said. He pointed out if the farmers have the option of selling directly to retailers, the produce will reach the consumers at a lesser price. While potatoes sell at an...
More »Business asks farmers to speak up against FDI ‘false drama’
-The Telegraph Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by “misconceived and unfortunate” protests against foreign investment in retail — a decision they termed “an essential part of India’s growth story”. The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former...
More »Anna Hazare inciting people on FDI: Swami Agnivesh
-The Times of India Activist Swami Agnivesh on Saturday criticized Team Anna for provoking people against the Union Cabinet's decision to allow foreign direct investment (FDI) in retail. At a school function at Jaipur, he said Anna Hazare and his team were making "factually incorrect and irresponsible statements". "Statements with factual mistakes are preventing people from engaging in a healthy debate. People opposing FDI should discuss rather than play around with the...
More »Farmer groups back FDI in multi-brand retail: Anand Sharma
-The Times of India A delegation of farmers from north India met commerce industry and textiles minister Anand Sharma on Saturday and backed the government's move to allow 51% foreign direct investment in the multi-brand retail sector. The farmers said the policy removes middleman and will bring better prices for the farmer's products. They said a progressive move that is expected to benefit the farm economy should be supported. "As far as FDI...
More »