Government cannot avoid voting on FDI in retail, says CPI-M
The Communist Party of India-Marxist (CPI-M) said Tuesday the government cannot avoid voting on its decision to allow FDI in multi-brand retail due to prevailing FEMA guidelines and subordinate legislation amendments.
CPI-M leader Sitaram Yechury said the government cannot escape bringing its decision to allow foreign direct investment (FDI) in multi-brand retail for approval in parliament.
"We think the government cannot avoid taking opinion of the two houses," Yechury told reporters.
Referring to the Foreign Exchange Management Act (FEMA), he said the amendments carried out to permit FDI in multi-brand retail have to be placed before both the houses of parliament as soon as possible.
The amendments should be placed before the 15th sitting of the first session after the amendments are made, he noted.
"That means by Dec 13," Yechury said.
He added that members had 30 sittings to move amendments, including annulments.
"As soon as an amendment is moved, it cannot be disposed of without consideration, which means voting," Yechury said.
"The government cannot avoid the legal position. It is going to come for voting in any case."
He said there was also scope of judicial intervention if the government does not table the FDI decision in parliament.
He said that the party wanted the FDI in multi-brand to be discussed under voting rules as more than 300 MPs have "opposed it on the streets".