It has been a draw back for the UPA government and victory for the people. It is reported that the Finance Minister Pranab Mukherjee has informed the opposition leaders that cabinet decision on 51% FDI is being kept on hold. Well knowing the clever strategy of the government, the opposition has demanded a complete roll back of the decision.
The India Inc is all critisism of the opposition. They are asking the government to be firm and continue with its decision. They are not worried about the people or the small traders. They want only to get foreign investment and huge profit. MNCs in US and other countries want reaping profit by investing in India. All are angry at the Left and other opposition.
But the government has no numbers to face an adjournment motion. It has got no option but to accept the genuine demand of the opposition. The all party meeting called by the Finance Minister tomorrow is cruscial. Will the government agree for roll back of FDI in retail trade. Let us wait and see.