Join Hands to Build a Smarter India: Sign in | Join now

FDI Debate in Lok Sabha Dec 4-5; Government Confident of Numbers

Monday, 03 December 2012, 05:23 Hrs
Print Email

New Delhi:  The UPA government said it was confident of its numbers in the Lok Sabha, a day ahead of the crucial debate - with voting - in the house on foreign direct investment (FDI) in retail and urged all parties to reject the "politics" behind the issue.

"We are confident of the numbers," Parliamentary Affairs Minister Kamal Nath told reporters. The debate will begin Dec 4 and the voting will take place Dec 5.

The minister described the debate as "pure politics". He also urged all the parties to reject the politics behind the motion sponsored by the Bharatiya Janata Party (BJP) and Communist Party of India-Marxist (CPI-M).

"I urge all parties to reject the politics of it and vote against the politics in the house," said Kamal Nath adding "the policy is very clear that the states have to decide on allowing any (FDI in retail) proposal".

The minister said the government would get the amendments to the Foreign Exchange Management Act (FEMA), required to facilitate FDI in multi-brand retail, passed in both houses, if needed.

"Passing it in one house is sufficient as per the rules. But if it is required, we will pass it in both the houses," Kamal Nath said.

CPI-M leader Sitaram Yechury had recently said that FEMA amendments need to be passed in both houses and the government's failure to do so will be challenged in a court.

While the debate in the Lok Sabha will be held under Rule 184, in the Rajya Sabha it will be held under Rule 168 - both entailing vote, said government sources.

Though the government is now confident of sailing through in the lower house, it does not have the required numbers in the upper house.

The role of the Samajwadi Party (SP) and the Bahujan Samaj Party (BSP), which support the Congress-led United Progressive Alliance (UPA) government from outside, would be crucial in the Rajya Sabha, sources said.

Source: IANS

1   2  Next>
Experts on SiliconIndia
Zafar  Ahmad
IT Project Manager
Prakash  Kumar
Director IT
Delta Electronics In
Aakash  Mulchandani
Sr. Engg
Siddharth  Sharma
Assistant Manager
Guruprasad  Hegde
Founder and CEO
Suresh  Avantsa
hubVirt Software
Chayan  Bhattacharjee
Manoj Chandraprakash Powar
Managing Partner
Sign Up for DailyDose and Read the Day's Highlights
Write your comment now
SiliconIndia About Us   |   Contact Us   |   Help   |   Community rules   |   Advertise with us   |   Sitemap   |  
News:       Technology   |   Enterprise   |   Gadgets   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Newsletter   |   News archive  
Cities:        CEO   |     Startup   |   Mobile   |   CIO   |   Women   |   BI   |   HR   |   SME   |   Cloud   |   Marketing   |   QA   |   Java   |   Web Developer  
Community:      Members   |   Blogs   |   Indian Entrepreneurs   |   Gyan   |   Advice   |   Community   |   Find   |   Events   |   CXO Insights  
Job Board:      Jobs   |   Freshers   |   Companies   |   HR Speak   |   Forum  
Online Courses:   Web Developer   |   Java Developer   |   CCNA Training   |   SEO   |   SAS   |   SQL Server 2005   |   J2EE
Education:   MBA   |   MCA   |   Engineering   |   Training Institute
Life:          Real Estate   |   Travel   |   Finance   |   Gadgets   |   Movie Reviews   |    Jokes  
Send your feedback and help us continue to improve SiliconIndia
© 2014 InfoConnect Web Technologies India Pvt Ltd. all rights reserved