Government wants more time with FDI 'suspension'

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Manmohan Singh
New Delhi, Dec 4: The government is likely to announce in Parliament on Wednesday (Dec 7) that it is willing to put the FDI in retail decision on hold and want to get the sense of the house without a vote.

Meanwhile, UPA sources said that with "suspension" of FDI, will give sometime to the government to turn Mamata Banerjee around by adding her valuable suggestion on contentious issue. The foreign investment in retail has become the bone of contention not only with the opposition but also with allies of the government. Moreover UPA is ready to discuss the issue a another cabinet meeting if a consensus arise in the cabinet new policy on FDI in retail.

Mamata Banerjee on Saturday (Dec 3) said that the UPA had assured her that the decision had been "suspended" and congress sources in Delhi pointing out the choice of word in itself suggested the last word had not been uttered yet.

Sources said that, if government want to go ahead with FDI in retail policy notification, which any way will take a few weeks to finalise, government can do so after the winter session as only with excutive order. Congress sources also said that it would take allies and opposition recommendations on the issue before put its final words.

The centre is not keen to rollback on FDI which is why Congress is desisting from issuing any formal statement till this time. Earlier, Union Finance Minister Pranab Mukherjee had said that government is suspending any further move on FDI in retail till a consensus is evolved among all parties.

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