FDI in retail: SP, BSP bail out govt- Business News

FDI in retail: SP, BSP bail out govt

BT Online Bureau   New Delhi     Last Updated: December 5, 2012  | 19:13 IST

The Samajwadi Party (SP) and the Bahujan Samaj Party (BSP) walked out of the Lok Sabha before voting in the house on foreign investment in multi-brand retail.

"This government is anti-farmer," SP chief Mulayam Singh Yadav said.

With the two parties walking out, the halfway mark in the house would come down.

The government on Wednesday comfortably won the vote in the Lok Sabha on foreign investment in multi-brand retail by 253-218 margin. The motion opposing the decision was moved by the BJP and the CPI-M.

"Five crore people in retail trade will be destroyed. This decision has ignored the interests of 20 crore farmers and their families. The decision on FDI was taken under pressure of foreign companies. This is the reason the party boycotted it," Mulayam Singh said.

Asked whether the SP's move can help the government in mustering the required numbers, he said: "This is not about helping or harming the government. The whole party and MPs had decided to stage a walkout. This was decided by the party and the SP will continue to oppose every wrong decision of the government."

Both parties support the ruling UPA from outside.

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