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| Politics
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| Parliament logjam over FDI ends; |
| Parliament logjam over FDI ends; Speaker allows discussion followed by vote
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| INDIA
, 29-November-2012
1:36:7 AM |
| The government will have to take a vote on its politically contentious decision to allow Foreign Direct Investment or FDI in retail.
The Speaker of the Lok Sabha, Meira Kumar, has agreed to the opposition's demand for a debate followed by a vote, which will take place most likely early next week.
Although the vote is non-binding on the government, a loss would be a symbolic blow to Prime Minister Manmohan Singh whose decision in September to allow 51 percent foreign investment in domestic multi-brand retailers reduced his government to a minority.
Since the winter session of parliament began on November 22, the BJP and Left parties had refused the government's suggestion for a debate that would not culminate in a vote as a compromise to the stand-off. There are 16 days of parliament left in this session, and critical legislation is pending.
Earlier this morning, Parliamentary Affairs Minister Kamal Nath met with Leader of the Opposition Sushma Swaraj to end the stand-off between the government and the opposition over FDI in retail. The Prime Minister said on Tuesday that the government was confident it has the numbers to back its flagship economic reform.
That is true for the Lok Sabha, where the government's allies have pledged their support. But in the upper house or Rajya Sabha, the government is in a minority, and it is keen to avoid a vote there.
To win the vote in the Rajya Sabha, the government will be dependent on Mulayam Singh Yadav and Mayawati, who are not members of the ruling coalition but lend external support. While Mayawati has hinted she will support the government in a vote, Mr Yadav has on record opposed FDI in retail
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