of independents and other parties. BSP and SP together have 24 MPs in the House.
Samajwadi Party chief Mulayam Singh Yadav said small traders would not be able to compete with big retailers. He said the decision to allow foreign-owned supermarkets would lead to unemployment. “With Lok Sabha elections near, FDI in retail sector might not be politically correct for the Congress,” he said during the debate, while urging the government to drop the decision.
Any move by the government to club the voting on FDI in retail and the RBI amendments to FEMA on the same issue would be “highly irregular” and contrary to the law, CPI(M) said. Senior leader Sitaram Yechury said his party would not only move amendments to the RBI amendments to FEMA, but could also seek the annulment of the notification allowing FDI in multi-brand retail.