FDI logjam finally ends, parliament functions

New Delhi : The deadlock in parliament over the government’s decision to allow foreign direct investment (FDI) in retail ended Wednesday after an all-party meeting passed a resolution to suspend the move till consensus is reached.

Leaders of political parties coming out the meeting said parliament would function and they had agreed on the government’s decision to suspend foreign investment in retail.

Wednesday is the first day when parliament is expected to function normally since the winter session began Nov 22.

Both houses were adjourned every single day of the session. In the first few days, the protests were over price rise and the demand for a separate state of Telangana but once the cabinet approved 51 percent FDI in multi-brand and 100 percent in single brand retail as party of crucial reforms, some ruling allies as well as the opposition strongly protested the decision.

On Saturday, Mamata Banerjee, chief of Trinamool Congress that is a key ally of the United Progressive Alliance (UPA) government and is strongly opposed to the FDI move, announced that the government would put the decision on hold until a consensus emerged on the issue.

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