SEARCH

Pranab meets Sonia to discuss FDI issue

PTI
Share  ·   print   ·  
The Finance Minister, Mr Pranab Mukherjee. (file photo)
PTI The Finance Minister, Mr Pranab Mukherjee. (file photo)

Amid the standoff in Parliament over the Cabinet decision to allow FDI in retail, the Finance Minister, Mr Pranab Mukherjee, today met the Congress President, Ms Sonia Gandhi, here to discuss the issue.

Ahead of his meeting with Congress MPs to allay their apprehensions on FDI, Mr Pranab Mukherjee met Ms Gandhi at her 10, Janpath residence for about 10 minutes, party sources said.

He had yesterday said that he would speak to the Prime Minister, Dr Manmohan Singh, and the UPA Chairperson and thereafter the government will decide on how to resolve the impasse in Parliament over the decision to allow FDI in multi-brand retail.

Mr Pranab Mukherjee had said that the Opposition leaders have suggested a roll-back of the decision and a discussion in Parliament on the issue under an adjournment motion.

“I informed them (Opposition leaders) that I will talk to the leadership — Prime Minister and Sonia Gandhi. And thereafter, whatever decision government will take, you will come to know,” he had said.

Opposition parties including the BJP and Left have demanded a roll-back of the Cabinet decision to allow 51 per cent FDI in multi-brand retail.

Even UPA allies TMC and DMK, along with SP and BSP, which lend outside support to the government, demanded that the decision should be revoked.

The Prime Minister has virtually rejected the demands of the Opposition as also UPA constituents — Trinamool Congress and DMK to roll-back the decision on FDI.

Congress sources said Mr Pranab Mukherjee’s meeting with party MPs today is aimed at addressing the concerns of members.

today

Companies

Texmaco Rail & Engg bags Rs 117 cr Bangladesh order 3 hr. 11 min. ago
TTK Prestige ties up with German glass-maker for cooking range 3 hr. 12 min. ago
Toyota Kirloskar Motor to ramp up production of Etios by 75% 3 hr. 12 min. ago
Great Offshore Q4 net slumps 91% 3 hr. 17 min. ago
R Com Q4 net jumps 98% 3 hr. 19 min. ago
Balmer Lawrie PAT grows 14% in FY’12; announces 280% dividend 4 hr. 18 min. ago
FDC net dips to Rs 28.56-cr in Q4 5 hr. 44 min. ago
GMDC net up 30% in 2011-12 fiscal 8 hr. 52 min. ago
Keventer Group plans Rs 700-cr food park in Bengal 9 hr. 49 min. ago
BHEL commissions 500 MW unit at Rihand 11 hr. 34 min. ago

Markets

Sensex snaps 4-week losing streak 9 hr. 42 min. ago
Hotel Leelaventure redeems bonds worth $41.6 m 10 hr. 29 min. ago
Insider trading: Ex-Galleon portfolio manager testifies against Rajat Gupta 11 hr. 49 min. ago
CSE index gains 112 points this week 14 hr. 24 min. ago

Industry & Economy

Asian economies must ‘act in unison' to address common challenges 2 hr. 32 min. ago
Consensus candidatefor President hasbetter chance: Sangma 2 hr. 34 min. ago
Pilots' union defends stir, says all attempts made to inform minister 2 hr. 35 min. ago
Tamil Nadu’s ruling party to organise stir against petrol price hike 2 hr. 37 min. ago
Team Anna levels corruption charges; wants PM, 14 ministers probed 2 hr. 41 min. ago
Refineries claim normal supply, but Chennai reels under diesel shortage 2 hr. 59 min. ago
Slowing sales add to India Inc's woes 3 hr. 1 min. ago
Mangement Institute inaugurated in Bengal 6 hr. 12 min. ago

Stock Insight

GSFC: Buy 4 hr. 20 min. ago
Divi's Laboratories: Hold 4 hr. 24 min. ago
Technofab Engineering: Buy 4 hr. 25 min. ago
BHEL holds fort 4 hr. 28 min. ago
DATA BANK
Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line.
Comments to: web.businessline@thehindu.co.in. Copyright © 2012, The Hindu Business Line.