Maya keeps FDI card close to chest

Last Updated: Mon, Dec 03, 2012 14:30 hrs

Bahujan Samaj Party (BSP) led by Mayawati on Monday kept her cards on the Foreign Direct Investment (FDI) close to her chest, saying she would reveal her party stand on the floor of the House while calling that the FDI in retail as hurtful to small traders but keeping her options open by pointing out that the advantage of the proposal on FDI is that states are free to take their own decisions on allowing it in their territories.

There are indications that Mayawati would support the United Progressive Alliance (UPA) government on the crucial Foreign Direct Investment (FDI) vote in Parliament only if the promotion quota bill is passed first.

The controversial promotion quota bill envisages reservation to SCs and STs in government job promotions.

Lok Sabha would debate and have vote on the FDI in retail on Tuesday and Wednesday but in Rajya Sabha it stands a crucial test since the Congress lacks adequate numbers in the upper house.

Debate on the issue of Foreign Direct Investment (FDI) in multi-brand retail under Rule 168 is all set to take place in the Rajya Sabha on Dec 6 and 7.

Pertinently, the debate under Rule 168 entails voting.

Support of Mayawati and her rival Mulayam Singh Yadav´s Samajwadi Party are crucial for the government in Rajya Sabha.

Mayawati said FDI in retail will make the Indian economy a slave and cause unemployment, adding that she would take a proper decision only at the right time on the floor of the House.

Mayawati also said that she is against indirectly supporting communal forces by her stand on the FDI issue, which leaves a room for Congress to negotiate with her on the issue.

"The only good thing is that the policy is not forced upon states," she said.

"We do not believe that FDI will ease inflation," she added.

The deadlock in both Houses of the Parliament over FDI in multi-brand retail ended on Thursday last after the Lok Sabha Speaker and Rajya Sabha Chairman allowed debate on the issue under rules that entail voting.

More from Sify: