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Fdi in India

  • Date Submitted: 11/30/2011 09:35 AM
  • Flesch-Kincaid Score: 43 
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NEW DELHI: Top leaders of the Congress, including Prime Minister Manmohan Singh and party president Sonia Gandhi, met here on Wednesday to discuss how to resolve theParliament logjam triggered by the decision to allow foreign equity in retail.

The meeting of the Congress core group was held at the Prime Minister's 7, Race Course Road official residence.

Party spokesperson Manish Tewari said: "The PM has made it clear that it is a well thought-out decision and the party supports it."

Finance minister Pranab Mukherjee, defence minister AK Antony, home minister P Chidambaram, commerce minister Anand Sharma and political secretary to the Congress president Ahmed Patel were present.

The nearly two-hour-long meeting started around 12.30pm.

The meeting took place after Mukherjee met Congress MPs to discuss the standoff over the decision to allow foreign equity in retail.

The government's known troubleshooter held a brief meeting with Gandhi at her 10 Janpath residence before meeting party MPs to allay their apprehensions on the decision to allow 51 percent foreign direct investment (FDI) in multi-brand retail and 100 percent in single brand retail, sources said.

The meetings assume significance in the wake of opposition to the move even from within the party.

Congress MP from Uttar Pradesh Sanjay Singh on Tuesday criticised the government, saying the move would hurt the poor and the timing was not right because of the upcoming assembly elections in his state.

Kerala Congress chief Ramesh Chennithala has written a letter to Manmohan Singh, opposing the decision. He also requested Kerala chief minister Oommen Chandy not to implement the proposal in the state.

The standoff with the opposition has led to a stalemate in Parliament, which could not run at all for the first seven days of the 21-day winter session that began on Nov 22 due to various issues, including FDI in retail.

No compromise on FDI in retail: BJP

As Parliament continued to...


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