The Parliament is likely to go on functioning today after the four days interruption, as all the parties have reportedly agreed over government's offer to holdback the matter until a concrete solution came out.
This reportedly happened after all-party meeting convened today morning by Finance Minister Pranab Mukherjee.
The parties have reportedly accepted government's temporary solution of suspending 51 percent Foreign Direct Investment (FDI) in retail.
According to media reports, the crucial all-party meeting ended today with the conclusion of holding back the FDI in retail till consensus is reached and to allow Parliament to function today.
After the meeting, the CPI said that this was a virtual rollback of FDI decision and we would allow parliament to function from today.
Viewing the deadlock over the issue, Pranab on Monday had offered holding the decision on FDI and calling all party meeting to make consensus over this issue.
The government had hoped that the all-party meeting on the FDI issue would pave the way for smooth running of Parliament, paralysed for the last two weeks.
After the meeting, the CPI said "this is a virtual rollback of the FDI decision... we will allow Parliament to function."
Before the meeting, the BJP and CPI (M) had stuck to their positions even after the government told them that the controversial Cabinet decision of allowing 51 per cent FDI in multi-brand retail and 100 per cent FDI in single brand retail was being put on hold.
Government had expressed hope that Parliament would function normally from Wednesday, after the all-party meet on the FDI issue, after a four-day break.
The winter session of Parliament has seen repeated adjournments mainly on the issues of government's decision to allow FDI in retail and rising prices.
(With agencies Input)
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