Accusing Narendra Modi government of trying to sell out the nation to foreign powers by allowing FDI in various sectors, West Bengal Chief Minister Mamata Banerjee today said any global economic downturn in future would have severe implications on the Indian economy.
Arun Jaitley questioned West Bengal CM Mamata Banerjee`s recent Singapore visit to attract investment, noting that her Trinamool Congress had opposed FDI in defence on the ground that it was opposed to foreign funding.
Defence Minister Arun Jaitley on Sunday questioned the inconsistency between West Bengal Chief Minister Mamata Banerjee`s opposition to FDI in defence and her trip to Singapore to seek foreign investment.
JD(U) President Sharad Yadav on Saturday criticised the BJP-led NDA government for its move to invite foreign investment in a host of key sectors saying there was no difference between this and the previous Congress-led UPA government.
Endorsing the Centre`s decision to allow 49 per cent FDI in defence sector, South Western Army Commander Lt Gen Arun Kumar Sahni on Friday said that the move will encourage micro, small?and medium enterprises in the country.
Mamata Banerjee today criticised the Narendra Modi government over foreign direct investment in defence and railways, claiming a 49 per cent FDI cap in defence "will put a question mark" on the safety and security of the nation.
Bitter rivals Trinamool Congress and Left parties joined hands in Rajya Sabha to target the government over FDI in Defence and Railways, alleging that the decision was taken in a "hurry" and amounted to "selling" the country`s interests.
The Insurance Bill is not coming up in the Rajya Sabha on Wednesday as the deadlock continues over referring it to the select committee despite Modi government`s efforts to rally the Opposition for bringing on track its first major economic reform initiative.
Congress on Monday kept the government guessing on the Insurance Bill asking it to take on board all stakeholders and favouring the Select Committee route even as it insisted that the measure is its own "baby" and it is a "misnomer" that the party is opposed to it.
Minister of State for Defence Rao Inderjit Singh sought to allay apprehensions over increasing the FDI limit in defence sector saying this move will help India to reduce corruption in the sector and eliminate middlemen.
Former Defence Minister and senior Congress leader A K Antony today criticised the Narendra Modi-led NDA government for its move to allow 100 per cent foreign investment in defence sector and alleged it was aimed at appeasing multinationals and corporates.
The new government kicked into gear this week, clearing billions of dollars worth of long-delayed defence projects, including a big navy base, as well as approving the scaling-up of one of the country`s biggest dams.