Rediff India Abroad
 Rediff India Abroad Home  |  All the sections

Search:



The Web

India Abroad




Newsletters
Sign up today!

Mobile Downloads
Text 67333
Article Tools
Email this article
Top emailed links
Print this article
Contact the editors
Discuss this Article


Home > Business > PTI > Report


Sonia's letter to PM a 'middle path': Cong

February 07, 2007 18:24 IST

The Congress Party on Wednesday said Sonia Gandhi's letter to Prime Minister Manmohan Singh on foreign direct investment in retail should be seen as a 'middle path' on the issue providing for safeguards, as the party is not in favour of "extreme positions".

"It (the letter) should not be seen as two extremes -- of banning FDI or allowing FDI without any safeguards," party spokesman Abishek Singhvi told reporters at the daily media briefing at the party headquarters.

Replying to questions on the reported letter Gandhi had written to Singh advising caution on FDI in the retail sector in the context of Bharti-Wal-Mart joint venture, he said the Congress was keen on protecting the interest of the common man and it was for a middle path with regulatory mechanisms.

Singhvi rejected Bharatiya Janata Party's criticism that there was no dialogue between Gandhi and Singh.


© Copyright 2007 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.



Advertisement