In a clear message to allies and the Opposition, the Finance Minister, Mr Pranab Mukherjee, has asked them not to stand in the way of states wanting to implement FDI in retail and said efforts are on to work out an acceptable motion to face a Parliamentary vote.
“You can exercise your authority within your territorial limit, but don’t stand in the way of the others who want to implement it. Therefore, let there be an enabling provision and this is an enabling provision,” he said here today at the Hindustan Times Leadership Summit.
Mr Pranab Mukherjee’s remarks assume significance in the context of a deadlock in Parliament on the FDI issue, with allies Trinamool Congress and DMK also voicing strong opposition to permitting foreign investment in multi-brand retail.
Narrow political gains, the Minister regretted, were hampering the early implementation of a policy framework even though it was being done in a calibrated and sensitive manner.
On whether the Government would risk a vote in Parliament like the Indo-US civil nuclear deal, Mr Pranab Mukherjee said: “We are discussing with various political parties... Sometimes it appears that there is no meeting ground. But if we can find out an agreed text on which discussions can take place on the floor of the House among political parties, then perhaps we can resolve this issue.”
However, he also added: “... But I am not quite confident and cannot say that we will be able to do it, but process is on.”