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Lok Sabha approves FDI in retail, rejects opposition motion

Abingdonboy

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NEW DELHI: FDI in multi-brand retail today got the approval of the Lok Sabha as the opposition motion seeking immediate withdrawal of the decision was rejected convincingly as BSP and SP walked out.

218 voted in favour of the opposition motion, while 253 voted against it in the House where 471 members participated in the voting. The total strength of the House is 545.

The House also rejected the motion seeking amendment to the rules notified by the Reserve Bank under Foreign Exchange Management Act (Fema) to enable FDI in multi-brand retail.

While 254 voted in favour of the government, 224 were against.

Members of SP and BSP, with respective strength of 22 and 21, did not participate in the voting as they walked out alleging that interests of farmers and small retailers had been ignored.

The victory of the government after two days of heated debate was immediately hailed by Prime Minister Manmohan Singh and UPA chairperson Sonia Gandhi.

"FDI policy that we have put in place has the approval of this House (Lok Sabha)," said Singh, who is a member of Rajya Sabha but was present during the voting in the Lower House.

This was after a gap of many years that an executive decision of the government was put to vote in Parliament.

Earlier, replying to the discussion, commerce minister Anand Sharma dismissed the opposition charge that the move would hurt small traders and farmers and that the government has rushed the decision.

He said the decision was not taken overnight and deliberations were held with chief ministers and other stake holders like association of farmers, consumer organizations and representatives of the food processing industry.

Leader of the opposition Sushma Swaraj, who had moved the motion, maintained that majority of the House was against FDI in retail which was reflected in speeches of leaders of different political parties.

Swaraj said going by speeches in the debate on FDI, leaders of various parties which extended support in favour of the motion and against bringing FDI in multi-brand retail had 282 votes and those against it had 224 votes.

She said 22 leaders of 18 parties participated in the debate on FDI in multi-brand retail of which 14 spoke in its favour.

"I wanted the thought to be converted into vote that will be engraved in the history of Lok Sabha," Swaraj said, lamenting that this did not seem happening as some parties like SP and BSP which vehemently opposed the entry of FDI in retail had already walked out to avoid voting on the issue.

While seeking to reach out to wider opposition camp, she said it was not a vote on communal or secular lines but about the interest of the country.

After the voting, she told reporters that the government "won technically but lost on moral grounds."

The commerce minister said out of 21 states which responded to the Centre's communication on the issue, 11 supported in writing the move to open multi-brand retail.

Only 7 states opposed the proposal, while few sought clarifications, he said, adding that he personally met Punjab chief minister Prakash Singh Badal, Odisha chief minister Naveen Patnaik and West Bengal chief minister Mamata Banerjee.

In the backdrop of the federal structure of the country, he said, the Centre decided to leave the final decision on states whether to allow foreign investment in retail.

"No one can take away the right of an elected government to take decision", he said adding the decision was taken after discussions with the stakeholders.

"Consensus means general agreement and not unanimity," he said.

Participating in the debate, BJP leader Murli Manohar Joshi said his party was for "retail democracy and not retail dictatorship" and warned that people would not tolerate such an action.

Noting that retail giant Wal-Mart had indulged in corrupt practices in several countries, Joshi said the government need not promote their interest but work in the interest of farmers and workers.

He rejected government's contention that foreign investment in retail would benefit farmers and increase competition.

He told the UPA, "apni gardan aap katwayen, magar desh ki gardan mat katwayen" (if you want to sacrifice your head for the sake of FDI in retail, please do, but do not sacrifice the interest of the nation for it).

Deepender Hooda (Cong) sought to embarrass BJP by referring to Purti Group, a company run by BJP president Nitin Gadkari, and said it was into multi-brand retail in a big way. In this context, he questioned why BJP was opposing this government decision.

Hooda, son of Haryana chief minister, said he wanted to assure foreign companies like McDonald's and Pepsico and if they were not getting respect in BJP-ruled Gujarat, they could come to Haryana.

He quoted the letter of Sukhbir Singh Badal, Deputy Chief Minister of Punjab, to Anand Sharma in 2011 that supported FDI in multi-brand retail.

He also read out from the letter written by the Akali Dal leader who is now opposing the proposal.


Lok Sabha approves FDI in retail, rejects opposition motion - The Times of India


:cheesy::toast_sign::yahoo::bounce::smokin::victory::agree:
 
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Today was Lalu's day in Parliament :D

Another major highlight of the debate in the Lok Sabha over the issue was the speech of Rashtriya Janata Dal chief Lalu Prasad. Extending the support of his party to the UPA government, Lalu in his inimitable style launched a scathing attack on the opposition.
Arguing for FDI in the House, the former Bihar chief minister targeted senior Bharatiya Janata Party (BJP) leaders Murli Manohar Joshi and Sushma Swaraj in the House questioning their opposition to the issue of FDI.
He pointed that the BJP itself wanted FDI in 2002, saying, "There is no compulsion on FDI, everyone is free to choose what to buy and from where to buy...there is no compulsion on the states to embrace FDI."
The RJD chief questioned the knowledge of senior BJP leader Murli Manohar Joshi about the farmers in the country. He said, "Do you know how paddy is cultivated?" Lalu also targeted Leader of Opposition in Lok Sabha, Sushma Swaraj, saying, "While she is opposing FDI in retail, she is fond of Nescafe."
The former Bihar chief minister went on to attack Gujarat Chief Minister Narendra Modi over the issue, pointing that the BJP leader was inviting companies from Japan to invest in his state. Praising the government for bringing in FDI, the RJD chief said, "Today the entire country can see how determined the Prime Minister is to bring in economic reforms."

Finally a good decision to put country back on growth
 
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0820_lalu2.jpg


New Delhi: Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav on Wednesday attacked senior leaders of the BJP and accused them of double standards on the issue of introducing FDI in multi-brand retail. Speaking during the debate on FDI in retail in the Lok Sabha on Wednesday, Lalu said, "BJP is opposing FDI in retail wearing coloured-glasses with an eye on 2014 general elections.

Lalu asked LK Advani why he used Twitter which is a foreign website. The former Bihar chief minister said that BJP had supported FDI in retail in its manifesto in 2002. Lalu hit out at Advani saying, "You used a Toyota for your rath yatra and that is foreign technology. BJP is against progress."

Lalu argued in favour of retail FDI saying that if it is allowed, then all farmers will engage in agricultural activities and labourers will be assured jobs. "I support FDI in multi-retail 100%," he added. He even went on to say that RJD would immediately 'destroy' all retail stores, if they start harming the people of the country.

Attacking Murli Manohar Joshi on the issue, Lalu said, “Joshi Ji, you are teaching farmers and students on the issue of FDI. When you were in power, you taught astrology. Where were did you want steer the country then?”

The RJD chief called BJP leaders ‘coffee drinkers’. Addressing Opposition leader Sushma Swaraj, he said, “You drink coffee. These foreign stores will have foreign coffee. They will also ensure jobs and pension for our people.”

Lalu: Why does Advani use Twitter, Toyota if BJP is against foreign things? - daily.bhaskar.com
 
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we're not out of the woods yet. it needs to clear the upper house.
 
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Yes he did of course. Opposition parties are using Foreign technologies but now opposing for the sake of opposition. This is one of the worst behaviour of BJP.

It's true- opposition for the sake of oppostion. They are hurting the nation by doing this, I am glad that despite their oppostion this was passed-now foreward!!


MMS is back on it!
 
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we're not out of the woods yet. it needs to clear the upper house.

It isn't needed.

Even if it were passed in Lok Sabha, it would have been only be a "recommendation" to govt.

Though, govt's position would have become untenable .. if Lok Sabha had passed it.

Hence, the Lok Sabha vote was important (... though not legally important, but politically and morally it was important).

Now, even it Rajya Sabha passes it ... Govt only lose a limited amount of face.

Hence, basically the job is done for the Govt.
 
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It's true- opposition for the sake of oppostion. They are hurting the nation by doing this, I am glad that despite their oppostion this was passed-now foreward!!


MMS is back on it!

Western countries work whats best for their nation. Opposition and govt will be united in case of strategic interests.
But its completely opposite in our regions.
We are opposition and so we will oppose anything
 
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Not needed. ITs actually an executive decision. The govt agreed to voting just to save parliament functioning.
So its enough to pass the bill




Is ur post intended with sarcasm? How?

nope i was not joking ,the reality Indian retailers will have to face .... like the farmer suicide we will see retailer suicides in future
 
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nope i was not joking ,the reality Indian retailers will have to face .... like the farmer suicide we will see retailer suicides in future

Farmers suicide were in part triggered by middlemens. How do u put to that?
Anyway its allowed only in select cities in India and states have their own wishes and whims about it.
By ur logic even Reliance Tata Birla should not have been allowed in retail sector. There are already lot of Reliance stores per Km.
It wont make much difference.
 
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