Web Sify
Follow us on
Mail
Print

UPA wins FDI vote in Lok Sabha

Source : IBNS
Last Updated: Wed, Dec 05, 2012 13:55 hrs
A view of the Indian parliament building is seen in New Delhi

New Delhi: After a heated two-day long debate, the United Progressive Alliance (UPA) led by the Congress won the vote on allowing 51 percent Foreign Direct Investment (FDI) in multi-brand retail in Lok Sabha on Wednesday, defeating an Opposition motion against it.

While the Bahujan Samaj Party (BSP) of Mayawati and Mulayam Singh Yadav-led Samajwadi Party (SP) abstained making it easier for the UPA to win, the ruling coalition got 253 votes in their favour of FDI in multi-brand retail. They needed only 236 after the walkout as the half way mark came down.



A total of 218 members cast their votes against FDI in multi-brand retail after the motion brought by Leader of Opposition Sushma Swaraj was put to vote.

A total of 471 lawmakers were in House during the voting.

UPA also won the vote on FEMA (Foreign Exchange Management Act) amendments by garnering 254 votes in their favour.

The last to debate on the FDI in multi-brand retail was Trinamool Congress, which in September walked out of the UPA government over the issue and other clutch of bigh bang economic reforms announced by Prime Minister Manmohan Singh.

Trinamool Congress MP Saugata Roy said there is no harm if someone wants to go Swarovski and buy crystal, but FDI in multi-brand retail sector would ruin traders and farmers.

"Babalogs and Bibilogs [Westernized urban rich] can go and buy from Sarovski and Omega," he said, adding that FDI in multi-brand retail would be harmful for the nation.

Roy said there was no consensus on the issue though Congress claimed there is.

Before him, BJP MP and leader of Opposition in House Sushma Swaraj urged all lawmakers to think twice before pressing the button and think about crores of Indians instead of foreign multinationals.

"FDI will go while the government would remain," she said urging even the Congress party and its ally lawmakers to vote against FDI in multi-brand retail.

Swaraj said many were forced to give a leeway to the government on FDI owing to the fear of federal investigating agency CBI (Central Bureau of Investigation).

The BSP and SP lawmakers earlier walked out of the Lok Sabha on Wednesday ahead of the voting, paving the way for the UPA government to win the vote.

The 43 lawmakers of the two parties, which lend outside support to United Progressive Alliance (UPA), walked out when Union Commerce and Industry Minister Anand Sharma was defending the government decision on FDI in retail and before Leader of Opposition Sushma Swaraj spoke.

With the walkout the House strength had fallen and made it easier for Congress led UPA to win the vote.

After walking out, SP chief Mulayam Singh Yadav said they walked out because they were against FDI in multi-brand retail.

"We would not vote was the decision of the party. It was best decision," he said, but did not reply to reporters with a clear answer when asked that his voting could have been a bigger protest against FDI.

Earlier, Communist Party of India (CPI) leader Gurudas Dasgupta slammed the Prime Minister during the debate in the Lok Sabha on the FDI in multi-brand retail issue and said he (the PM) was ready to sacrifice the government for retail giant Wal-Mart.

"For the cause of Walmart, the Prime Minister is even ready to sacrifice his government," Dasgupta said.

"The government believes economic situation of the country is grim. And it believes FDI will rescue the Indian economy from the crisis," he said.

The Lok Sabha debated the matter for the second day with lawmakers like Janata Dal (United) Sharad Yadav attacking the government sharply for imposing the decision on people.

"Roll back FDI in multi-brand retail, or else we will roll back the government," Yadav said debating the issue.

He said if they had wanted the government to fall they would have backed Trinamoo's no-confidence motion.

He said the government wants Wal-Mart in India for the few who prospered owing to the government since the MNCs are not coming to help or serve the people.

"I am not averse to market forces, but is this the way," he said.

Basudeb Acharya of Communist Party of India-Marxist (CPI-M) said they would not allow Wal-Mart easily in India and would take the battle to streets from Parliament.

"Neither consumers, nor farmers would benefit," he said.

However, lawmakers like Praful Patel, who represents Nationalist Congress Party (NCP), said FDI would do good to India and all the panic reactions are uncalled for.

"Our farmers and traders and labourers are all geared up to take up global challenges," he said.

He said local markets would not be hurt by FDI in retail and globalization would not kill industry.

The Prime Minister Manmohan Singh earlier had said the government was confident of winning the vote on FDI in retail.

"Why would we have a debate if we were not confident?" he had said.

A heated debate on this issue took place in the lower House on Tuesday.

While Congress led UPA bailed itself out in Lok Sabha, in Rajya Sabha it stands a crucial test since the Congress lacks adequate numbers in the upper house.

The FDI debate under Rule 168, which entails voting, is set to take place in the Rajya Sabha on Dec 6 and 7.

The support of Mayawati and the SP are crucial for the government in Rajya Sabha.


blog comments powered by Disqus
most popular on facebook
talking point on sify news