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    Posted on 07 Dec 2012
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    FDI IN RETAIL

    Govt wins the vote on FDI in retail in Rajya Sabha

    Samajwadi Party walks out of the Parliament before voting, 123 vote in favour, 109 vote against the motion

    Priyanka Sundar
    New Delhi

    Photo: Parliament screengrab


    The motion moved against Foreign Direct Investment (FDI) in retail was defeated in the Rajya Sabha on 7 December (Yes: 109; No: 123). The government won the motion with the help of Bahujan Samaj Party and the walk out staged by the Samajwadi Party in the midst of Union Cabinet Minister for Commerce and Textiles Anand Sharma’s Speech.

    Anand Sharma stated that when BJP had supported for FDI in other sectors, there was no consultation done by them either. He also said that the current government did not change any of the decision made by them or didn’t make any amendments to the policy introduced by the Opposition because they did understand that the decision was made for the development of the country. Sharma stated that they in fact received reply to 19 of their letters regarding the FDI in retail from the members. He then concluded that the decisions made by the government in regards to FDI in retail are for the development of the country and they are committed to lead India forward.

    V. Maitreyan, MP of AIADMK, who had moved the motion, concluded the debate session pointing out that the government hadn’t assured that the retailers’ inflow will match the outflow from the country. He said that it was very unfortunate that the voting wasn’t just about FDI in retail, but there were other considerations that were made. “If my motion against FDI in retail is defeated, Anand Sharma will lose but Kamal Nath will win, today’s voting is not the final voting but the final vote will be cast in the next Lok Sabha elections by the people,” he concluded.

    On 5 December, the motion to withdraw government's decision to allow 51 percent FDI in multi-brand retail and motions related to FEMA was defeated in Lok Sabha. The motion was defeated after Samajawadi Party and Bahujan Samaj Party had walked out of the voting in Lok Sabha as well.

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    Posted on 07 Dec 2012
 
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