New Delhi: The storm over FDI in retail rocked Parliament for the third day in a row with a determined Opposition adamant on a discussion on the issue under a rule that entails voting. While Lok Sabha could not transact any official business because of uproar over FDI issue, the Upper House was stalled by UPA ally Samajwadi Party over the issue of reservation for SCs/STs in government job promotions.
The two Houses earlier paid homage to those killed in the 26/11 Mumbai terror strike on its fourth anniversary on Monday. The Lok Sabha was adjourned at around noon for the day as the House witnessed pandemonium over FDI. The House earlier witnessed one adjournment till noon.
Similar was the case with Rajya Sabha, which was also adjourned around the same time after ruckus created by SP members over the reservation issue. All the while, BJP members were on their feet raising slogans on the FDI issue. Members of Trinamool Congress, DMK, AIADMK, TDP and CPI also stormed the Well in the Lok Sabha for different reasons, with Trinamool members demanding withdrawal of decision on FDI in retail and making a strong plea for 24 LPG cylinders a year on subsidised rates as against six available now.
Trinamool members chanted "2G mein akaash gaya, coal block mein pataal, dharti gaya Dubai mein, ab jayega bhrasht sarkaar" - loosely meaning that the alleged scams involving 2G, coal blocks and land allocation would culminate in the ouster of the
01:39 PM, Nov 26, 2012
The government clears a slew of major pending reform proposals, including the politically contentious 51 per cent FDI in multi-brand retail. ...
11:39 PM, Sep 14, 2012
The government cleared 51 per cent FDI in multi-brand retail, but left it to states to decide if they want to allow it. ...
10:57 PM, Sep 14, 2012
New Delhi: The Manmohan Singh Administration has made a crucial change in a key requirement for allowing a foreign company to start a fully-owned single-brand retail business in India. When the government had cleared 100 per cent Foreign Direct Investment (FDI) in single-brand retail earlier, it had stipulated that 30 per cent of the value of the products being sold must be sourced from small and medium industries in India....
10:53 PM, Sep 14, 2012
New Delhi: In the boldest decision taken by Prime Minister Manmohan Singh in UPA-II, the government has bet big on crucial reforms that are bound to bring a big cheer from industry. However, the move has also put the government in troubled water politically with the Opposition and some key allies voicing strong differences. Just like Manmohan Singh had put the survival of his government at stake over the Indo-US...
09:30 PM, Sep 14, 2012
New Delhi: The Government's decision on Friday to allow up to 51 per cent foreign direct investment in multi-brand retail comes with a clever move to diffuse potential opposition from UPA allies. The new policy clearly says that each state government has the right to decide whether to implement the policy or not. For those of the UPA allies who are in power in the states " most notably, Mamata...
08:54 PM, Sep 14, 2012
New Delhi: Prime Minister Manmohan Singh on Friday justified the decisions on allowing FDI in multi-brand retail and some other areas, saying these were aimed at pushing economic growth and generating employment in "difficult times". He said the steps had been taken in national interest and sought support of all segments on this. "The Cabinet has taken many decisions today to bolster economic growth and make India a more attractive...
08:25 PM, Sep 14, 2012
New Delhi: In a big bang economic push, the government on Thursday approved 51 per cent foreign direct investment (FDI) in multi-brand retail. The government, however, left the option on the states to invite multi-brand retails. Here is the full text of the decision taken by the government at the Cabinet Committee on Economic Affairs meeting: Permitting FDI in multi-brand product retail trading The Cabinet has approved the proposal of...
07:03 PM, Sep 14, 2012
New Delhi: In a major decision signalling the end of policy paralysis in the UPA government, the Cabinet Committee of Economic Affairs (CCEA) on Thursday accepted 51 per cent foreign direct investment (FDI) in multi-brand retail. The government has, however, left the option to invite multi-brand retail on the states. There is an opt out clause in the FDI in multi-brand retail, which has been the most contagious of the...
05:57 PM, Sep 14, 2012
New Delhi: The government on Thursday said farmer groups have come out in support of FDI in multi-brand retail and have demanded its early implementation. The statement comes following the meeting of Commerce and Industry Minister Anand Sharma with the representatives of Consortium of Indian Farmers' Associations (CIFA) as a part of consultation process on allowing 51 per cent foreign direct investment (FDI) in multi-brand retail. "CIFA Secretary General Chengal...
04:47 AM, Dec 23, 2011
New Delhi: The government on Thursday said farmer groups have come out in support of FDI in multi-brand retail and have demanded its early implementation. The statement comes following the meeting of Commerce and Industry Minister Anand Sharma with the representatives of Consortium of Indian Farmers' Associations (CIFA) as a part of consultation process on allowing 51 per cent foreign direct investment (FDI) in multi-brand retail. "CIFA Secretary General Chengal...
09:57 PM, Dec 22, 2011
London: Leading NRI entrepreneur Lord Karan Bilimoria has described the decision of the Indian government to allow 51 per cent foreign direct investment in the multi-brand retail sector as "fantastic". "It is going to be fantastic," Lord Bilimoria said while speaking at the second annual 'Financing Infrastructure in India' conference in London on Friday evening. Lord Bilimoria, who is also the President of the India-UK Business Council, hoped there would...
10:33 AM, Nov 26, 2011
Washington: Corporate America on Thursday welcomed the bold move of the Indian Cabinet to permit foreign direct investment in multi-brand retail and remove the cap on FDI in single-brand business, noting that it would help bring down inflation and create thousands of jobs. "The singular act of opening the multi-brand retail sector to foreign direct investment will significantly benefit the Indian consumer by spurring the modernisation of India's vast agri-retail...
10:35 AM, Nov 25, 2011
New Delhi: The Manmohan Singh government has bitten the bullet, opening up India's retail sector to foreign investment. It is a bold policy move and a game changer for the retail market. Brands such as Wal-Mart, Tesco and Carrefour can now enter and tap the nearly 600 billion-dollar Indian retail market. The government has opened up the retail sector, allowing 51 per cent foreign investment in multi-brand retail and 100...
08:09 AM, Nov 25, 2011
