Parliament logjam over FDI ends after all-party meet

Dec 07, 2011 |

Agencies

New Delhi

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The deadlock in parliament over the government's decision to allow foreign investment in the retail sector ended on Wednesday after an all-party meeting passed a resolution to suspend the move till consensus is reached.

The Opposition parties have agreed to the government offer to hold back FDI in retail and as a result the Parliament will be functioning on Wednesday.

Moreover, both Houses will adopt government resolution suspending 51 per cent FDI in retail 'till a consensus is developed through consultations with various stakeholders'.

CPI says this decision by the government is a 'virtual rollback' of the FDI decision; and they will allow Parliament to function.

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