Thursday, December 6, 2012

One Step More for FDI in Retail

FDI in Retail, an issue that has been center-stage in Indian politics for some time now. The government has been trying hard to see it through, even though not many are in its favor.

On Wednesday (05-Dec-2012), Lok Sabha voted on the matter and the saw it sail through. The nation witnessed discussions in which even allies of the ruling UPA coalition strongly spoke against it, but when it came down to actual voting members of Mulayam's Samajwadi Party (SP) and Mayawati's Bahujan Samajwadi Party (BSP) walked out.

The walkout by these two parties was a clear helping hand to the government which would have otherwise certainly been humiliated. Also, it was apparent that the walk-out was more political that topical.

Now, the next step and most probably the last big hurdle for this government would be getting it through in the Rajya Sabha.

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