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FDI: DMK keeps stand in suspense

Source : IBNS
Last Updated: Wed, Nov 14, 2012 10:00 hrs

United Progressive Alliance (UPA) government's ally Dravida Munnetra Kazhagam (DMK) on Wednesday said its stand on Foreign Direct Investment (FDI) in retail should remain in 'suspense'.

Speaking to media, DMK supremo M Karunanidhi said: "Let the DMK´s stand remain a suspense...Only a movie with suspense does well."

India´s main opposition Bharatiya Janata Party (BJP) said it will oppose the UPA government´s decision to allow FDI in retail during the upcoming winter session of the Parliament.



"The BJP will strongly oppose the FDI in retail policy in the upcoming session of Parliament," BJP spokesperson Ravi Shankar Prasad told reporters.

"The strategy for Opposition will also be coordinated within the NDA(National Democratic Alliance) and also with other parties opposed to FDI," he said.

Pertinently, Indian Parliament could not function the entire monsoon session over the demand of the Prime Minister´s resignation and cancellation of licences of coal blocks and an independent probe into the coal scam.

The UPA government is likely to face tough moments during the winter session with former key alliance partner Trinamool Congress (TMC) likely to move a no-confidence motion against it.

The relationship between West Bengal Chief Minister Mamata Banerjee´s TMC and the UPA touched its lowest point last month when it withdrew support to the latter over its recent economic reforms, including FDI in multi-brand retail, hike in diesel price and cap on subsidy in LPG cylinders.

TMC with 19 MPs was UPA´s second biggest constituent and the biggest ally of the Congress party which spearheads the government.

Though Mulayam Singh Yadav´s Samajwadi Party and Mayawati´s Bahujan Samaj Party support the UPA from outside, they too are opposed to FDI in multi brand retail.

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