Home > News > India News

Govt seems set to sail through in RS on retail FDI issue

Posted on Dec 06, 07:18PM | UNI

With the Bahujan Samaj Party (BSP) openly declaring support to UPA in the Rajya Sabha on the issue of FDI in multi-brand retail, the government is set to sail through the turmoil over the controversial legislation, paving way for Walmart and other multi-national retail giants to set shop in India.

Despite strong opposition from the main Opposition BJP, the Left, AIADMK and other members, the government is likely to win tomorrow's vote on the issue in Rajya Sabha which was taken up for discussion today under Rule 168.

The government has already won the vote after a two-day brain-storming debate in Lok Sabha yesterday where the issue was discussed under Rule 184.

Initiating the discussion in the Council of States, Leader of Opposition Arun Jaitley tore through the government's decision and the explanations given by government functionaries including Commerce Minister Anand Sharma saying the move would severely affect crores of farmers and small traders in the country.

"Four crore people are directly employed under retail trade and about 18-20 crore people are dependent on retail trade sector for their livelihood. FDI in retail will badly affect this section," Mr Jaitley said while initiating the debate on a motion moved against the Congress-led UPA's decision allowing 51 per cent FDI in multi-brand retail.