Deadlock over FDI ends after all-party meet

New Delhi, December 07: Parliament logjam over the Foreign direct investment in retail ends after all-party meet today.

The opposition agreed to the government offer to hold back the FDI in retail.

Both the houses have adopted the government resolution suspending 51% FDI in retail till a consensus is developed through consultations with various stakeholders.

Finance Minister Pranab Mukherjee said, “The FDI in retail has been suspended till the consensus is reached.”

CPI said that this is a ‘virtual rollback’ of the FDI decision and they will allow Parliament to function.

Further details awaited.

–PTI