Govt indicates not averse to voting on FDI

November 27, 2012

pm

New Delhi, November 27: With DMK showing the green flag, government today indicated it was not averse to voting in Parliament on the FDI in retail, a move that could end the House logjam.

"We are confident of numbers," Prime Minister Manmohan Singh told reporters after an hour-long meeting of the leaders of UPA, which presented a united picture, as news came from Chennai of DMK extending its support to the government during any voting on the FDI issue.

"The UPA is fully united on any decision of the Speaker and the Government... all constituents are firmly behind the Government," Parliamentary Affairs Minister Kamal Nath said.

Asked if the government was ready for a vote, Nath said government is "not averse" to discussion under any rules. "I said it yesterday. I am repeating it today," he said.

"Larger numbers (parties at the UPA meeting) were in favour of discussion to be decided by the Speaker," he said.

Nath said the issue was discussed today at the UPA meeting and he will meet the Speaker to convey the sense of the meetings of all party leaders yesterday and UPA leaders.

However, sources said, government has conveyed to Lok Sabha that it did not favour voting on FDI in retail in Lok Sabha arguing it would send a wrong precedent of voting on an executive decision taken by the government. At the same time, it has left the decision to the Speaker.

Opposition BJP and Left parties insisted that the discussion on FDI should be followed by voting.

While in Lok Sabha, the government appears to be comfortably placed in the numbers game with promise of support from SP and BSP and DMK's open backing today.

Trinamool Congress with 19 MPs has also been cold towards Opposition demands for a vote on the issue.

However in Rajya Sabha, where the UPA coalition does not have the numbers on its own, may have problems in case of a vote.

In a House with an effective strength of 244, the UPA and its allies have a strength of about 95 members. It may have to persuade outside supporters BSP (15) and SP (9) to positively vote with the government and not abstain to win in case of a voting.

At present, UPA enjoys the support of about 265 MPs in Lok Sabha of 545. With the support of Samajwadi Party (22) and BSP (21), the backing for the ruling coalition goes a little over 300, which is comfortable over the required 273.

"We are ready for a discussion on FDI in retail only under Rule 184 (which entails voting). The country wants to know which party really supports or opposes FDI in retail.

"There were some parties which were earlier opposed to it but are now supporting FDI," BJP spokesperson Shahnawaz Hussain said.

In a huge relief to UPA, DMK decided to back the UPA government in Parliament on the FDI FDI in multi-brand retail sector when the discussion on takes place.

The party has decided on this course with "bitterness" so that communal forces do not take advantage of the situation and come to power, DMK Chief M Karunanidhi said.

"One should not forget the situation of the UPA government falling if a discussion and voting takes place under rule 184 in Parliament accepting the demand of BJP and some other parties," he said.

DMK's decision comes two days after Congress emissary Ghulam Nabi Azad met Karunanidhi to take the second largest UPA constituent on board.

"Though there may be thousands of differences still persisting on the issue and considering the consequences if the government falls at the Centre, in bitterness, the DMK has decided to support the UPA government on the issue", Karunanidhi said.

DMK's 18 MPs are crucial to the government in case of a vote in Lok Sabha.

Home Minister Sushil Kumar Shinde, who is also the leader of the Lok Sabha, said, "By Monday, everything would be decided and everything would be settled."

Finance Minister P Chidambaram said the government was serious on ending the deadlock in Parliament.

"The work is not complete. We will spend several hours tomorrow and Thursday. We are very concerned about the deadlock in Parliament," he told reporters.

Chidambaram said government spend two and half hours with all the parties yesterday and two hours with UPA constituents today to try to end the logjam.

UPA Chairperson Sonia Gandhi, Rahul Gandhi, Defence Minister A K Antony, RLD's Ajit Singh, DMK's T R Baalu, NCP's Sharad Pawar and Praful Patel, National Conference's Farooq Abdullah and finanace Minister P Chidambaram were among those who attended the UPA meeting.

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News Network
January 27,2020

Jan 27: The Andhra Pradesh Cabinet passed a resolution on Monday setting in motion the process for abolishing the state Legislative Council.

A similar resolution will now be adopted in the Legislative Assembly and sent to the Centre for necessary follow-up action.

With just nine members, the ruling YSR Congress is in minority in the 58-member Legislative Council. The opposition Telugu Desam Party (TDP) has an upper hand with 28 members and the ruling party could get a majority in the House only in 2021 when a number of opposition members will retire at the end of their six-year term.

The move by the Andhra Pradesh cabinet came after the Y S Jaganmohan Reddy government last week failed to pass in the Upper House of the state legislature two crucial Bills related to its plan of having three capitals for the state.

Andhra Pradesh Legislative Council Chairman M A Sharrif on January 22 referred to a select committee the two bills -- AP Decentralisation and Inclusive Development of All Regions Bill, 2020, and the AP Capital Region Development Authority (CRDA) Act (Repeal) Bill -- for deeper examination.

The chairman had said that he was using his discretionary powers under Rule 154 while referring the Bills to the select panel in line with the demand of the TDP.

Following this, the chief minister had told the Assembly, "We need to seriously think whether we need to have such a House which appears to be functioning with only political motives. It is not mandatory to have the Council, which is our own creation, and it is only for our convenience."

"So let us discuss the issue further on Monday and take a decision on whether or not to continue the Council," he had said.

In fact, the YSRC had on December 17 first threatened to abolish the Council when it became clear that the TDP was bent on blocking two Bills related to creation of a separate Commission for SCs and conversion of all government schools into English medium.

As the Legislature was adjourned sine dine on December 17, no further action was taken. But last week, the issue cropped up again as the TDP remained firm on its stand on opposing the three-capitals plan.

The YSRC managed to get two TDP members to its side, but the government failed to get the three capitals Bills passed in the Council.

"What will be the meaning of governance if the House of Elders does not allow good decisions to be taken in the interest of people and block enactment of laws? We need to seriously think about it… Whether we should have such a House or do away with it," the chief minister had said in the Assembly.

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News Network
July 18,2020

Washington, Jul 18: The Foreign Direct Investment (FDI) from the US to India has crossed the $40 billion mark so far this year, reflecting the growing confidence of American companies in the country, the head of an India-centric business advocacy group has said.

The American companies, during the Covid-19 pandemic, which has battered the world economy, have shown great confidence in India and its leadership, said Mukesh Aghi, president of the US-India Strategic and Partnership Forum (USISPF), which keeps a track of the major US FDIs in India.

“Year to date investment from the US, including the recent ones, is over $40 billion,” Aghi said.

In recent weeks alone, the announcement of the FDI into India has been over $20 billion, he said, referring to the announcements made by some of the top companies like Google, Facebook and Walmart.

“Investors’ confidence in India is high. India still remains a very promising market for global investors. If you look at the $20 billion… not just the US, but (investment) has also come from other geographies such as the Middle East and the Far East.

“So, India still remains a very, very bullish market for the investor community,” Aghi said in response to a question.

The USISPF has been working with New Delhi to bring in FDI into India… playing a key role in encouraging American companies planning to move their bases out of China, he said, adding that the move was going on in the last three years of the Trump administration, but gained momentum during the coronavirus pandemic.

“We feel that Prime Minister (Narendra Modi’s) intention is very high. The challenges lie on the execution side. Efforts are being made to encourage manufacturing… I've never seen it so better. The policy framework is moving in the right direction,” he said.

Early this week, Larry Kudlow, the White House Economic Advisor, told reporters that the US tech giants like Google and Facebook announcing big investments in India shows that people are losing trust in China and India is emerging as a big competitor.

At the same time, he rued that India continues to be a protectionist country.

“The question is how do you define protectionism... the administration here is saying America first and India is saying vocal for local…,” Aghi added.

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News Network
May 13,2020

New Delhi, May 13: Vice President M. Venkaiah Naidu on Wednesday said that Prime Minister Narendra Modi's announcement of Rs 20 lakh crore stimulus package "will go a long way in overcoming challenges" posed by the COVID-19 pandemic.

"Welcome the Rs. 20 lakh crore stimulus package announced by the Prime Minister, Shri Narendra Bhai Modi Ji to revive economy, boost efficiency of various sectors through reforms & make India self reliant and resilient. #AtmaNirbharBharatAbhiyan," the Vice President tweeted.

Calling the reforms as the "need of the hour", he further said: "Bold reforms are the need of the hour to realize the dream of #AtmanirbharBharat."

Expressing confidence in the five-pillar approach, he said that it would help promote local industries "while making India face global competition effectively".

"I am confident that a focused approach on the five pillars- Economy, Infrastructure, Technology driven System, Vibrant Demography & Demand--will promote local industries led growth while making India face global competition effectively. #AtmaNirbharBharatAbhiyan," he said.

"I am certain this timely economic package will go long way in overcoming challenges posed by the unprecedented COVID-19 pandemic. #AtmaNirbharBharatAbhiyan #IndiaFightsCorona," he wrote on the micro-blogging site.

The Prime Minister had on Tuesday announced Rs 20 lakh crore special economic package for the country to become 'self-reliant' and deal with COVID-19.

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