A day after losing the battle with the United Progressive Alliance government in Parliament on the issue of allowing foreign direct investment in multi-brand retail, the National Democratic Alliance has threatened to reject the Union government's notification if it is voted to power in the 2014 Lok Sabha elections.
The Telugu Desam Party is reportedly shocked after three of its Members of Parliament -- T Devender Goud, Y Satyanarayana Choudary and Gundu Sudha Rani -- abstained from voting on the All India Anna Dravida Munnetra Kazhagam's motion against Foreign Direct Investment in Rajya Sabha on Friday evening. TDP has five MPs in the Rajya Sabha of whom two -- Nandamuri Harikrishna and C M Ramesh -- voted against the government on Friday.
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Glitches in the automatic vote recording system of the Rajya Sabha on Friday marked the crucial voting on the motion against Foreign Direct Investment in multi-brand retail which the government won. Even after voting was conducted twice, the final figure was corrected after scrutiny by officials of the Rajya Sabha secretariat late on Friday night.
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The Bahujan Samaj Party on Thursday promised to vote in favour of Foreign Direct Investment in Rajya Sabha, giving much relief to the government which is bracing for a crucial vote on Friday, even as the Bharatiya Janata Party and All India Anna Dravida Munnetra Kazhagam attacked parties which sided with the United Progressive Alliance despite having reservations over the measure.
Ally Nationalist Congress Party has asked Maharashtra Chief Minister Prithviraj Chavan not to take any decision regarding implementation of multi-brand Foreign Direct Investment in retail in the state without consulting it, even though the party voted in favour of the move in the Lok Sabha.
Renu Mittal analyses UPA government's 'victory' on FDI vote in Lok Sabha on Wednesday, and explains why the Congress-led coalition cannot afford to celebrate.
A total of 253 members -- out of the 471 present and voting -- voted against the motion against FDI moved by Leader of Opposition Sushma Swaraj, implying they were in favour of the foreign direct investment in multi-brand retail.
Do you, dear readers, believe that India needs FDI in retail sector or do you feel that it will be detrimental for the economy?
Apprehending that the Samajwadi Party and the Bahujan Samaj Party would bail out the United Progressive Alliance on Foreign Direct Investment in retail, Opposition in Lok Sabha on Wednesday warned these parties as also Dravida Munnetra Kazhagam that history will not pardon them if they sided with the government on the issue despite opposing it during the nationwide protest.
As Parliament on Tuesday began discussing Foreign Direct Investment in retail under a rule entailing voting, the Congress did not hide its displeasure over the "unhealthy precedent" that an executive decision has been put up for legislative vote.
Trinamool Congress, which had earlier been ambiguous on the rule under which the debate on Foreign Direct Investment should take place, on Tuesday moved a motion in Rajya Sabha seeking discussion with voting. "This House disapproves the entry of FDI in multi-brand retail," read the motion moved by Trinamool members D Bandopadhyay and Vivek Gupta under Rule 168, which entails voting.
The Bharatiya Janata Party on Tuesday said it is against rushing through the Foreign Direct Investment-related Foreign Exchange Management Act notification in Parliament along with the main debate on the issue.
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This was in response to the assertion of some officials of the finance ministry and the Department of Industrial Policy & Promotion that a strategically placed comma in DIPP's press note on FDI in civil aviation meant foreign airlines were allowed to hold up to 49 per cent stake in existing Indian carriers, as well as new airline companies being set up.
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Notwithstanding the Samajwadi Party's move to keep it on tenterhooks in Rajya Sabha, the government on Friday expressed confidence that it would have a smooth sailing in the trial of strength in Parliament on the foreign direct investment in retail.
Terming the insistence on a debate on Foreign Direct Investment in retail without voting as "unreasonable", Bharatiya Janata Party leader Arun Jaitley on Tuesday said the government was not interested in allowing the Parliament to function.
Amid opposition's insistence on a discussion with voting on Foreign Direct Investment in Parliament, the government on Tuesday said it was "not concerned" over it, with Prime Minister Manmohan Singh asserting that the United Progressive Alliance has the numbers.
This includes an infrastructure push which may lead to the government spending more than its budgeted capital expenditure for 2020-21. There are also discussions on increasing the scope and quantum of direct cash transfers to the beneficiaries who need it the most.
The Dravida Munnetra Kazhagam, Samjawadi Party and Bahujan Samaj Party will have to change, modify or amend their stand on Foreign Direct Investment in retail to break the deadlock in Parliament, says Sheela Bhatt
Fissures in the opposition over Foreign Direct Investment in retail came to government's aid Thursday as the opening day of Parliament's winter session was washed out and Trinamool Congress' move for a no-confidence motion flopped.
Rajya Sabha could not function on the first day of the winter session of Parliament, with issues like Foreign Direct Investment and reservation to Scheduled Castes/Scheduled Tribes in promotions triggering an uproar that led to its adjournment for the day.
India has made 7,000 reforms for attracting foreign direct investment in various sectors including real estate and defence: Modi.
Realising that the numbers are stacked in favour of the government, the Bharatiya Janata Party on Tuesday appeared reluctant to support the no-confidence motion that the Trinamool Congress has threatened to move against the ruling United Progressive Alliance, but is gearing up to corner it on the issue of Foreign Direct Investment in retail by seeking a vote on it.
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International multi-brand retail chains have all pushed their India plans to 2013.
Bracing up for an Opposition onslaught in Parliament, Prime Minister Manmohan Singh will host dinner for United Progressive Alliance leaders on Friday to firm up a joint strategy on various issues like Foreign Direct Investment that are expected to come up during the session beginning next week.
Bracing for an opposition onslaught in Parliament, Prime Minister Manmohan Singh will host a dinner for United Progressive Alliance leaders on Friday to firm up a joint strategy on various issues like Foreign Direct Investment that are expected to come up during the session beginning next week.
Refusing to give up on the Foreign Direct Investment in multi-brand retail issue, which could affect its core vote bank of small traders, the Bharatiya Janata Party on Monday said it will oppose the government decision in Parliament and try to build a joint strategy with National Democratic Alliance partners and other political parties.
Sources said in order to address the security concerns, FDI proposals from Pakistan would be routed through the Foreign Investment Promotion Board.
A recent public interest suit in the Supreme Court over foreign direct investment (FDI) in retail may have thrown the industry into a tizzy, but lawyers, constitutional experts and government officials indicate the multi-brand retail FDI policy is unlikely to get derailed over Fema.
Prime Minister Manmohan Singh on Sunday reached out to Bahujan Samaj Party supremo Mayawati ahead of winter session of Parliament, but she remained evasive on her party's stand on plans by Trinamool Congress to bring a motion against Foreign Direct Investment.
Civil Aviation Minister Ajit Singh has said that India is a land of emerging opportunities and the aviation scenario in the country is fast changing and poised for breaking boundaries and scaling new heights.
With government gearing up to face the opposition onslaught in winter session of Parliament on foreign direct investment in retail issue besides hike in diesel price, Prime Minister Manmohan Singh on Friday night hosted a dinner for Samajwadi Party supremo Mulayam Singh Yadav.
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A bench of Chief Justice N V Ramana and Justice Manmohan issued notice to Civil Aviation Ministry, DGCA and others and sought their response by October 30.
Making a strong pitch for foreign direct investment in retail, Congress general secretary Rahul Gandhi on Sunday said Bharatiya Janata Party, when in power, had sought to bring in foreign investment without adequate safeguards while UPA has taken strong measures to protect the interest of farmers.
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