The government may have been
forced to put FDI in multi-brand retail on hold, but Commerce
and Industry Minister Anand Sharma said the decision was taken
out of conviction with full backing of the Congress party.
An all-party meeting convened by the Centre to end the deadlock over allowing 51% FDI in multi-brand retail ended inconclusively on Tuesday with both the government and the opposition failing to reach a consensus over the issue.
Union Commerce and Industry Minister Anand Sharma said Friday he will convey to PM Manmohan Singh Gandhi the concerns of West Bengal Chief Minister Mamata Banerjee over the issue of repeated petrol price hikes.
Terming the recent outsourcing ban by the US’ Ohio state as “regressive”, Commerce and Industries Minister Anand Sharma on Saturday said that the move will further weaken the recovery of the fragile global economy.