Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
28 August, 2015 18:12 IST
DMK decides to support govt on FDI in multi brand retail issue
Source: DDI | 27 Nov, 2012, 04.07PM
Comments  |  Post Comment

In a dramatic twist, the DMK party, a crucial ally of the UPA announced that it would support the government on the FDI in retail sector.

Party Chief Karunanidhi in a statement issued in Chennai said despite differences on the issue, the party has decided to back the UPA Government to save it from being dislodged.

He said the decision had been taken after considering the centre's assurance that FDI in retail sector will not be forced on states, following which there is no danger to small traders and farmers in Tamil Nadu.

Justifying the decision to support government on the issue, Karunanidhi said if there is voting in Parliament under rule 184, there is a possible threat to the UPA Government and this could benefit the BJP.

He said the decision to go with the government had been taken to ensure that communal forces do not take centre stage.

He also charged the BJP of spreading canards about 2G Spectrum alleging that there was a revenue of loss of one lakh seventy six thousand crore rupees to the exchequer.

Earlier, SP, BSP and Trinamool Congress have said they will not insist on voting on the debate on FDI in retail issue.

However, BJP and Left parties are still adamant on discussion with voting provisions.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Anand Rathi maintains 'Buy' on SKS Microfinance with TP of Rs 743 - 28-Aug-2015 17:13
Lloyd Electric acquires Noske-Kaeser's Rail & Vehicle global business - 28-Aug-2015 14:30
Gammon Infra to divest nine projects to BIF Holdings - 28-Aug-2015 13:07
NTPC records highest single day generation of 733.12 MUs - 28-Aug-2015 12:46
IDBI Bank gains after signing MoU with NHB - 28-Aug-2015 12:19
KPTL bags new orders worth Rs 8.80 bn - 28-Aug-2015 11:57
Escorts in collaboration with Tata International - 28-Aug-2015 10:46
SeQuent Scientific arm acquires Animal Health business of Lyka Exports - 28-Aug-2015 09:44
IDBI Bank inks MoU with NHB for credit linked interest subsidy scheme - 27-Aug-2015 18:42
TI Cycles acquires licensing rights for Ridley Bikes - 27-Aug-2015 18:21
TTK Prestige signs long-term settlement with workers' union - 27-Aug-2015 17:23
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer