BJP to oppose government on FDI in retail in Parliament

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 5:46 PM IST

"BJP will strongly oppose the government decision on FDI in multi-brand retail in the forthcoming winter session of Parliament. This decision is not in the interest of the country," party chief spokesperson Ravi Shankar Prasad said.

He announced that BJP will discuss its strategy with other NDA partners and also get in touch with political parties which have reservations on the issue.

The NDA allies are likely to hold a meeting on November 21, a day before the winter session begins.

"We would like to put the government on the mat on this issue. In November 2011, the then Finance Minister had announced in the Lok Sabha that a decision on FDI in multi-brand retail will be taken only after consulting all concerned sections. A similar statement was made by the then Commerce Minister in the Rajya Sabha," Prasad said.

BJP charged that this promise has been violated by the government as it has taken the decision unilaterally.

But the principal Opposition is not yet clear to what extent it will go against the government in Parliament.

Though the opposition claims to have support of majority of MPs in both Houses on the issue, the NDA is unlikely to press for a vote on the issue.

Asked if BJP and NDA would rally behind Mamata Banerjee's TMC in case it seeks division of votes to embarrass the government, the party said it will decide its future course of action in the NDA meeting.

The Left parties are also opposed to the decision.

But the Opposition designs may be thwarted by the Chair in both Houses if it denies permission for a motion on the issue. Government has the right to bring FDI in multi-brand retail through an executive decision.

A discussion without voting is, however, possible.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 14 2012 | 2:25 PM IST

Next Story