Mamata-hit Congress puts retail FDI on hold
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Mamata-hit Congress puts retail FDI on hold

Last Updated: Saturday, December 03, 2011, 23:43
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Mamata-hit Congress puts retail FDI on hold Zeenews Bureau

Kolkata: In a bid to end the impasse in the Parliament, the government on Saturday put on hold its decision to allow foreign direct investment in multi-brand retail.

The government decision was revealed by Trinamool Congress chief Mamata Banerjee.

Finance Minister Pranab Mukherjee on Saturday reportedly assured Trinamool Congress supremo Mamata Banerjee that no foreign direct investment in multi-brand retail would be implemented unless a consensus is reached in the cabinet over the issue.

Mamata Banerjee said that Pranab Mukherjee made this assuance during a telephonic conversation with her.

"Pranabda sought our opinion on the issue and we told him that the Trinamool Congress remains firm. He informed me that the cabinet decision on FDI entry in retail will be suspended until and unless a consensus is evolved," Banerjee told reporters in Kolkata.

"If that is so, the issue is settled," she added.

Meanwhile, Finance Minister Pranab Mukherjee, however, declined to comment on Banerjee's statement but admitted that he spoke to her.

"I talked to her twice, but officially I can't make any announcement as Parliament is in session," Mukherjee told reporters at his Kolkata residence.

"Any government decision will be made in Parliament," he added.

Yesterday, Prime Minister Manmohan Singh had called up the West Bengal Chief Minister and had requested her to reconsider her party's stand on the issue.

"I also assured him that Trinamool Congress does not want to topple the government. But at the same time, we are not in favour of FDI in the retail sector," she said.

Banerjee strongly denied reports that her government was seeking a special package from the Centre on condition of her party's support on the FDI issue.

The West Bengal Chief Minister said that a coalition government could not be run on the opinion of one party and a policy decision is evolved when two opinions are converged.

Mukherjee, who was in the city visited the ailing mother of Banerjee at a local hospital.

The government has been trying to build a consensus among the allies on the issue of FDI in retail.

Ever since the government announced FDI in multi brand retail, Trinamool Congress rocked the UPA boat by registering its opposition.

The jostling over FDI in retail continued to paralyse both the Houses of Parliament without transacting any business. The opposition NDA and Left parties continue to stand firm on complete rollback of the FDI.

Prime Minister has declared that it was not a decision taken in haste but a well considered one.

First Published: Saturday, December 03, 2011, 17:06

Comments

Petrus - Mumbai
Congress is killing Mathatma Gandhis idea and plan of local village economy. All they want to do is collect the money of Indians and hand them over in the hands of foreign and rich Indian shereholdrs/investors. It`s not Godse alone who killed Mahatma Gandhi, but Congress party too, starting with Nehru who started big industrial complexes even though M. Gandhi had warned him not to.
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Dr Ravi K Mahajan - Chandigarh
Issue is not whether FDI is Fruitful or Disastrous for India or (Fructification of Disaster for India . . it is the pompous adoption of scheme . . .Day before yesterday PMji said no roll back . . yesterday Pranabda and Anand Sharmaji reiterated and . .now what happened . . courtesy Mamadi and Muftiji who openly oppose FDI in retail sector . . I wish UPA could set the house right before getting entangled with embarrassments.
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RAJAT KUMAR MOHINDRU - JALANDHAR CITY
Mamata Banerjee mission has put the FDI in the retail issue in the back ground . As the retail Traders can be effected the Union Government should go ahead with all party meeting to find out the remedy in the FDI retail outlet issue . As Union Minister Mr Parnab Mukherjee has commented on the issue to Mamata Banerjee .
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nikhil - dubai
BY TAKING CREDIT THAT SHE WON AS PRANAB MUKHARJEE ASSURED HER THAT FDI WILL NOT BE INTRODUCED UNLESS UNANIMITY IS ACHIEVED WELL EVERY ONE KNEW THAT HIS VISIT TO KOLKATA WAS FOR THAT MISSION ONLY. REMOVAL OF NANO CAR PROJECT OF TATAS AT SINGUR ! ONE CAN EASILY READ THE LOSS OF JOBS FOR THE PEOPLE OF WEST BENGAL IN TERMS OF WEST BENGAL ! WHEN ON ONE HAND SHE SAYS THAT THE LEFT PARTIES HAVE LEFT THE STATE BANKRUPT IT SEEMS WAS NOT KNOWN TO HER . EVEN IF SHE HAS RETURNED THE LAND TO THE FARMERS, I WONDER IF SHE HAS ALSO PROVIDED THE SUPPORT FOR THOSE FARMERS TO MAKE THOSE LAND PRODUCTIVE ! AS FAR AS FDI IS CONCERNED , WHEN FIFTY % OF THE RETAILS DEPENDS ON THAT, WILL IT NOT BE GOOD TO ORGANIZE THAT SECTOR !! LIKE SHE IS ASKING A SPECIAL PACKAGE FOR WEST BENGAL FROM CENTER WHERE FROM CENTER IS GOING TO PROVIDE ! WHEN GOVT HAS INITIATED FDI MEANS INVESTMENT IN TO THAT PARTICULAR SECTOR ! WELL MAMTA SHOULD THINK IT OVER THAT SHE DOES NOT WANT TATAS IN TO WEST BENGAL WITH INDUSTRY BUT WANTS THEM TO PUT UP SPECIALTY HOSPITALS ! SHE WANTS CENTER TO PROVIDE SPECIAL PACKAGE WHICH S DIFFICULT ! FDI VERY EASY IN LONG RUN SHE SHOULD CONSIDER PROS AND CONS IN THE LARGER INTEREST OF WEST BENGAL IN PARTICULAR AND COUNTRY IN GENERAL ! SHE IS ONE OF INDIAS FINEST POLITICAL LEADER OF THE MASSES BUT SHOULD LEAVE HER EGO BEHIND !!!
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Narayana Rao C K - Bangalore
Consensus not only in the cabinet but also in parliament. Forget Direct Investment (FDI) Just as a prestige issue do not try to reconsider the decision.
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singh - canada
mamtaji it is a good opportuinity get a package and forget about FDI
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H.L. Mali - Toronto
What Mr. Banerjee is telling ``no forein direct investment`` is just like fooling people and convicing otherway as they are doin with Anna Hajare for Lokpal Bill. These are called white chitters. I think Sonia may be telling ``use your convicing guts for opposing FDI invesgtment for WallMart, etc.``. She might have committed in person during his last visit to secret places in USA UK etc.
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H.L. Mali - Toronto
Indian Express newspaper has printed PM`s photo with WallMart trolly standing with pant and shirt just like Presi. Obama of USA. In India tailors will be of no job if readymade cloths are made available with ugly fitting. Good quality WallMart never sells. Whn human born it is in unhuman form, but tailor makes man after putting cloth. Tailors in villages and cites will have no job. 41 lakhs jobs by Wall Mart, etc. is false. It is shameful to invite 580 billions investment from foreign traders. These Marts are traders sitting in London, New York, Washigton,Toronto, Dubai very rich. They order from the offices and dirvert ships and flight to land in India of good and get plenty of profits. The goods are not manufactured by original countries of manufacture, but manufacture in poor countries of multibrands. UPA multibrands, but where it is made/assemble. These traders build big ware houses and do pick and pack with help of chip labor. They buy in bulk and then pack different brands and sell. That is all the business. Pick pack, pick pack and sell.
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surinder pal bhaskar - new delhi
It is unfortunate on the part of entire opposition to logjam the functioning of parliament and their
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rajnikant - rajkot
good crores of retailer will find relief if the roll back in fdi is taken. In india one channel is developed for each business and if channels breaks it affects whole system
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Most liked Comments

Dr Ravi K Mahajan - Chandigarh
Issue is not whether FDI is Fruitful or Disastrous for India or (Fructification of Disaster for India . . it is the pompous adoption of scheme . . .Day before yesterday PMji said no roll back . . yesterday Pranabda and Anand Sharmaji reiterated and . .now what happened . . courtesy Mamadi and Muftiji who openly oppose FDI in retail sector . . I wish UPA could set the house right before getting entangled with embarrassments.