All eyes on Rajya Sabha; no separate vote on Fema

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SummaryThe ruling UPA regime seemed poised to win a vote on allowing foreign-owned supermarkets and related amendments in Foreign Exchange Management Act in Lok Sabha on Wednesday with likely co-operation from Bahujan Samaj Party and the Samajwadi Party.

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.

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