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Pranab tells oppn about govt decision to keep FDI move on hold

December 05
03:20 2011

NEW DELHI: Indian Finance Minister Pranab Mukherjee on Monday told opposition leaders, including Sushma Swaraj and Sitaram Yechury, that the decision on allowing Foreign Direct Investment (FDI) in retail was being put on hold and a final decision will be taken only after consulting all opposition parties.

“The government is willing to keep the decision in suspension. It will take a final decision only after consultations with all opposition parties and the stakeholders,” sources said after Mukherjee spoke to Swaraj, Leader of the Opposition in Lok Sabha (Lower house of Indian Parliament) and Communist Party of India (M) MP Yechury Monday morning.

Swaraj is believed to have told Mukherjee that the government should come out with a statement on the issue, which has created a logjam in Parliamentary for several days now.

Yechury is understood to have told the Finance Minister that an all-party meeting be convened before the next sitting of Parliament on Wednesday during which the parties could be informed about the decision.

An announcement could then be made in Indian Parliament, the sources said, adding that the all-party meeting could be held on Wednesday morning before the proceedings begin.

Mukherjee had last week told an all-party meeting, which had asked the government to reverse the FDI decision, that he would get back to them after he consulted the Prime Minister and the Union Cabinet which had taken the decision.

Yechury is understood to have told Mukherjee Monday that it would be in fitness of things that all political parties are informed about keeping the decision to allow 51 per cent FDI in retail in abeyance.

The opposition, however, is still firm on having a discussion in Parliament on major issues like price rise and black money under rules which entail voting, the sources said. –PTI

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