How FDI lost the plot?

December 11 2011

When the Parliament didn’t function for seven days straight, Pranab Mukherji realised the cause was lost. The Opposition would not have given in without a vote. The bandh was the last straw. There was revolt brewing within the Congress ranks. Five states are to see Assembly elections soon and every state has 15 per cent voters as traders, who were all talking against FDI in retail. So the government decided to put the FDI issue on the backburner until such time that they get a go-ahead from the stakeholders in the sector.

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