FDI in retail: PM calls Mamata,repeats policy benefits

While Trinamool won't rock boat,it remains the most vociferous ally against retail FDI.

Prime Minister Manmohan Singh today reached out to West Bengal Chief Minister Mamata Banerjee,the leader of key UPA constituent Trinamool Congress which is opposing the Centre’s decision to allow FDI in retail.

Singh spoke to Banerjee,PMO sources said,hinting call was made with apparent aim of enlisting her party’s support while reiterating the benefits of the Centre’s decision.

Trinamool Congress has been vociferously opposing the decision to allow 51 per cent foreign direct investment in multi-brand retail and 100 per cent FDI in single brand

retail.

Story continues below this ad

The Prime Minister yesterday convened a meeting with leaders of Trinamool along with DMK,which is also opposed to the decision,and categorically ruled out a rollback of the policy decision.

Trinamool Congress leader Sudip Bandopadyay,who represented his party at the meeting,later said the allies had appealed to the Prime Minister to accept their request for rollback of the FDI decision.

Sometimes,allies may extend suggestions to bigger parties. It is not a Congress government. It is a combined government of ally parties, he had said.

Rejecting intense demands,the Prime Minister on Tuesday justified the decision on FDI as a well considered move aimed at creating jobs,improving remuneration of farmers and enabling import of technology besides benefiting consumers.

India warns of ‘likely humanitarian consequences’ after US H-1B visa fee hike

India2 hr ago

India voices concerns over new $100,000 fee for H-1B visa, citing humanitarian impact and family disruptions. Government urges US to address issues, while industry and policymakers study the move for mutual benefits. September 21 deadline for H-1B visa holders to return to US could affect skilled Indian professionals, who make up 72% of beneficiaries.

View all shorts

Live Blog