Press Esc to close
Saturday 19 August 2017
News updated at 10:02 AM IST

FEMA amendments on FDI tabled in Rajya Sabha

NEW DELHI,Dec 13, 2012, DHNS : 1:52 IST
The Government on Thursday tabled amendments to the Foreign Exchange Management Act (FEMA), 1999, which will enable FDI in multi-brand retail.

The amendment, which was tabled in the Lok Sabha 10 days ago, will now give members of the House 30 working days from Thursday for moving amendments. CPM leader Sitaram Yechury wanted Deputy Chairman P J Kurien to clarify on the time the members would get for amendments.

“I want to know whether those 30 days begin from today (Thursday). In the Lok Sabha, it began two weeks earlier,” said Yechury.

“As far as this House is concerned, we are concerned with the date on which it is placed here,” said Kurien.

Yechury has already indicated that his party will try to delay the implementation of FDI in retail through parliamentary procedures. The CPM’s strategy would be to move amendments just before the expiry of 30 days’ time. It will, they say, delay the implementation for another 30 working days. So, it could go up to the Budget session, Yechury told reporters a few days ago. CPM MP P Rajeev raised Wal-Mart lobbying issue during zero hour and alleged that Patton Boggs lobbied both for the Government of India and Wal-Mart.

“Patton Boggs is a double agent for lobbying for the Indian Government in the US and for Wal-Mart in our country,” said Rajeev. “Patton Boggs, one of the lobbying firms that represented the global retail chain, was hired by the Indian Embassy in the United States in 2008 to help clinch the Indo-US nuclear deal,” he alleged.

Go to Top

Photo Gallery
A  file photo of  Infosys CEO Vishal Sikka...

A file photo of Infosys CEO Vishal Sikka...

Trainee recruits of Army undergo physical training at the Parachute Regiment Training...

Trainee recruits of Army undergo physical training at the Parachute Regiment Training...

A Chimpanzee looks on, at Alipore Zoological Garden in Kolkata...

A Chimpanzee looks on, at Alipore Zoological Garden in Kolkata...

A beautiful view of peacock on blooming tree branch at Bengre in Mangaluru...

A beautiful view of peacock on blooming tree branch at Bengre in Mangaluru...

People with their household belongings move to a relief camp from a flood-hit region...

People with their household belongings move to a relief camp from a flood-hit region...

Village women carry a Tri-colour as they row a boat across River Churni during Independence...

Village women carry a Tri-colour as they row a boat across River Churni during Independence...

An aerial view of a flood-hit area at Bal Bal in Betiah in West Chaparan, Bihar...

An aerial view of a flood-hit area at Bal Bal in Betiah in West Chaparan, Bihar...

A boy rows a makeshift raft as he transports a woman and a cooking gas cylinder through...

A boy rows a makeshift raft as he transports a woman and a cooking gas cylinder through...

A fruit vendor, holding an umbrella, waits for customers at a street in Kolkata on Thursday.

A fruit vendor, holding an umbrella, waits for customers at a street in Kolkata on Thursday.

Ranbir Kapoor, actor and co-owner Mumbai City FC meeting fans during the Indian Super League...

Ranbir Kapoor, actor and co-owner Mumbai City FC meeting fans during the Indian Super League...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.