UPA trying to build consensus on FDI in retail

UPA trying to build consensus on FDI in retail

Union Finance Minister Pranab Mukherjee on  Sunday said the UPA is trying to build a consensus on contentious issues like Goods and Services Tax (GST)and FDI in retail which faced strong opposition from Mamata Banerjee.

“We are working to build a policy consensus on a number of pending issues such as introduction of GST, further liberalisation of FDI, including in retail, and deepening and strengthening of financial markets for long term investments,” Mukherjee said at a programme. Last year Trinamool Congress chief Mamata Banerjee had stalled the UPA government’s effort to bring in FDI in retail.

On the current global economic crisis, he noted India’s success in surviving the turbulence and staying as a dynamic emerging economy.

He also gave credit to the economic reforms initiated in the early 1990s, saying it has produced good results for the Indian economy.

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