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Showing posts from November 27, 2011

FDI in Retail V/s Session of Parliament

EVER since the government announced it Cabinet's decision to allow FDI in retail (100% in single brand and 51% in multi brand, a couple of days ago, the government has ensured that no parliamentary proceedings take place. There was no consensus even within the Cabinet about the issue (the matter has been in public domain for the last three years, debated twice in the Standing Committee too, but without result) and yet the Prime Minister was adamant. (We, here must remember the background of PM as World Bank stooge, as also his signing the agreement in 1991 itself to open up Indian markets), against the advice of his colleagues including Moily, Jairam Ramesh; and its ally TMC. (Now, SP, BSP & DMK too have opposed) When pointed out by Ramesh that it may have a wrong effect in UP elections, Sharad Powar resorted , Congress has no stakes there (Is Rahul Gandhi listening?). THE day the Cabinet decided, the same day government had reached an agreement with the oppositions for smo...