The retail FDI deadlock continues. The opposition has been very adamant and demanded a complete rollback of the policy. An all party meet has been scheduled for Wednesday morning.
In a bid to buy peace in Parliament, the government today said that a final decision on the FDI issue will be taken only after consulting stakeholders and the opposition which insisted on a complete rollback and not just holdback.
Meanwhile, Rajiv Kumar, Secretary General of FICCI indicated that rolling back retail FDI is just not an option. However, he added saying that optimistic retail FDI will not be rolled back.
Moreover, he hopes BJP to recollect its earlier stand on retail FDI. He also is optimistic that a consensus will be reached with the opposition. Here is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video. Q: When we thought that the decision was done and it would finally now move to implementation, sources informed that it has been put on hold and suspended perhaps indefinitely. Is there is any hope that there is a slightest possibility that this may still go through?
A: Rolling back FDI in retail is not an option because this is not just a matter of concern for industry, but the beneficial effects of this measure will be economy wise. Q: Yashwant Sinha, the former finance minister, said that we don
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