Govt confident that motion against FDI will be defeated in Parliament

December 4, 2012
Lok_Sabha295

New Delhi, December 4: Expressing confidence that the motion against FDI will be defeated in Parliament, the government hoped that parties will see through the "politics" of BJP and vote accordingly.

"I am confident that the motion moved by BJP in Lok Sabha and Rajya Sabha will be rejected... I am urging all parties not to subscribe to the politics of BJP," parliamentary affairs minister Kamal Nath told reporters here on Tuesday.

To a question on support by SP and BSP, he said he was confident that political parties will see through the politics of BJP.

"They may oppose FDI. It is for the states to decide. I am confident that parties will see through the politics of BJP... We have the numbers," he said.

His remarks came ahead of Lok Sabha taking up a motion against FDI in multi-brand retail under a rule which entails voting.

Cong MPs from Telangana boycott party meeting on FDI

Keeping Congress on tenterhooks on their strategy during the crucial FDI vote, eight party MPs from Telangana region in Andhra Pradesh boycotted a meeting called by party floor leaders in Parliament to seek their assurances on participation in the debate.

The MPs, who have been openly protesting against the Congress and the UPA Government on the non-decision over contentious Telangana statehood demand, also kept the question of skipping the vote open by saying a decision on this would be taken only on Wednesday.

The meeting was called by home minister and leader of Lok Sabha Sushilkumar Shinde and parliamentary affairs minister Kamal Nath to seek their assurances on their vote in favour of the government.

However, only two Union ministers - S Jaipal Reddy, Sarvey Satyanarayana and Balram Naik - attended the meeting on Tuesday morning.

"We boycotted the meeting. We did not want to go," Karimnagar MP Ponnam Prabhakar said.

His colleague and Nizamabad MP Madhu Goud Yaskhi also spoke in a similar vein when he said they decided unanimously to boycott the meeting called by party leaders.

The meeting was called after Prabhakar had indicated on Monday that they could abstain themselves from the vote in protest against the Centre's delay in announcing the formation of a state.

On whether they would participate in the debate on Tuesday and vote Wednesday, the two MPs were evasive, saying, "it will be decided tomorrow."

The Congress has also issued a three-line whip asking its MPs to be present in Parliament and vote in favour of the government.

If the Telangana MPs abstain from voting, they risk facing action from the party.


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News Network
March 2,2020

Feb 2: The Supreme court on Monday decided to hear on March 4 a plea seeking registration of FIRs against politicians for hate speeches which allegedly led to violence in the national capital.

A bench headed by Chief Justice S A Bobde agreed to hear the plea filed by riots victims.

The petition was mentioned for urgent listing by senior advocate Colin Gonsalves, appearing for the riots victims.

Gonsalves said that the Delhi High Court has deferred for four weeks the matters related to riots in the national capital despite the fact that people are still dying due to the recent violence.

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News Network
January 7,2020

Jan 7: India’s monetary authority allowed banks to offer foreign-currency transactions outside of local market hours, a move aimed at boosting trading volumes at home.

Interbank deals, as well as those with customers in and outside India, can be undertaken by banks or their overseas branches and units at all times, the Reserve Bank of India said in a statement late Monday. It stopped short of saying whether the timing of the onshore over-the-counter market has been extended from the current 9 a.m. to 5 p.m.

The move is in line with recent recommendations to reverse the trend of the partially convertible rupee being traded more abroad than in India. London has overtaken Mumbai to become the top center for trading the rupee, adding to a sense of urgency among local authorities to deepen the onshore market.

Average daily volumes for rupee in the U.K. soared to $46.8 billion in April, a more than fivefold jump from $8.8 billion in 2016, according to a survey from the Bank for International Settlements published in September. That exceeded the $34.5 billion recorded in India.

Analysts say more trading abroad could amplify volatility in the domestic market and reduce the effectiveness of policy actions.

India’s decision comes as the London Stock Exchange Group Plc has started asking market participants if they want the bourse to function fewer hours, signaling it’s open to an argument driven by changing trading patterns and calls for a better work-life balance.

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January 31,2020

New Delhi, Jan 31: Slamming the BJP over the Jamia firing incident, Congress leader Priyanka Gandhi Vadra on Friday said such incidents were possible with the ruling party's leaders inciting people to shoot, and asked Prime minister Narendra Modi to answer whether he stands with violence or non-violence.   

Her attack on the government comes a day after tensions in the Jamia area spiralled on Thursday after a man fired a pistol at a group of anti-CAA protesters, injuring a student, before walking away while waving the firearm above his head and shouting "Yeh lo aazadi" amid heavy police presence in the area.

"When the BJP government ministers and party leaders incite people to shoot, give provocative speeches, then all this becomes possible. The Prime Minister should answer what kind of a Delhi he wants to build?" Priyanka Gandhi said in a tweet in Hindi.

Does the PM stand with violence or non-violence, she asked.

"Does he stand with development or with anarchy?" the Congress general secretary said.

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