Pranab Mukherjee Conveys Government’s Decision to Put FDI on Hold to the Opposition

Finance Minister Pranab Mukherjee has conveyed the government’s decision to put on hold the FDI proposal To Mr. L.K.Advani, Sushma Swaraj and Sitaram Yechury. This issue has prevented the Parliament from functioning since November 25. However, it is not clear whether this decision is enough to make the Parliament function again.

FDI in the Multi-Brand Retail Sector

After conveying this decision to the opposition leaders, sources indicate that the opposition wanted the government to hold an all party meeting to make a formal announcement in this regard. However there seems to be two different opinions in the opposition on this decision. One being that this is enough to let the Parliament function and others are of the view that the government should stick to its demand for rollback of the decision.

According to informed sources, Mr. Mukherjee would chair meeting of floor leaders on December 7 and seek their views. This decision is considered as a set back to the government since it was not in a position to face an adjournment motion, given the strong opposition to FDI by its allies the DMK and TMC. The government’s efforts at persuading these allies proved futile; in particular, West Bengal’s Chief Minister Mamatha Banerjee was in no mood to relent.

After talking to Mr.Pranab Mukherjee on Saturday, the West Bengal Chief Minister and Trinamool Congress Chief made a statement that her party had secured a commitment from the government that it would not go ahead with the decision of implementing FDI.

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