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Trinamool against FDI in retail

Hindustan Times | By, New Delhi
Nov 24, 2011 12:12 AM IST

A day before the cabinet is set to discuss a proposal to allow 51% FDI in multi-brand retail, Trinamool Congress chief and West Bengal chief minister Mamata Banerjee raised a red flag over the UPA’s plan to expand the scope of FDI.

A day before the cabinet is set to discuss a proposal to allow 51% FDI in multi-brand retail, Trinamool Congress chief and West Bengal chief minister Mamata Banerjee raised a red flag over the UPA’s plan to expand the scope of FDI.

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HT Image

Echoing a somewhat similar line of the Left parties, Trinamool Congress said it would oppose FDI in multi-brand retail, pension sector and may even oppose the proposal to allow foreign airlines buying stakes in Indian airline companies.

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While the airline and retail sector FDI is slated to be passed through cabinet decision, the UPA has to pass the pension fund regulatory and development authority in Parliament.

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