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
04 March, 2015 00:12 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
Nitin Fire Protection receives UL approval for 'clean agent suppression system' - 03-Mar-2015 16:43
DCB Bank advises Kashmir Finance for fund raising - 03-Mar-2015 15:54
CG board approves scheme for vertical demerger of consumer products business - 03-Mar-2015 15:18
ErosNow partners with GTPL - 03-Mar-2015 14:28
Nectar Lifesciences bags European cGMP nod for Cephalosporin APIs - 03-Mar-2015 14:11
Bharti's African tower sales to reduce debt, but could be offset by spectrum payments: Moody's - 03-Mar-2015 14:04
Titan commences stainless steel production in Coimbatore - 03-Mar-2015 14:00
Bharti Airtel announces strategic collaboration with China Mobile - 03-Mar-2015 13:46
SBI and Coromandel Intl' join hands for sustainable rural development - 03-Mar-2015 13:26
Moody's downgrades CBI and IOB to 'Ba1' - 03-Mar-2015 13:26
Moody's downgrades CBI and IOB to 'Ba1' - 03-Mar-2015 13:26
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