The Hindu Business Line : UPA stands firm on FDI hike proposal

THE United Progressive Alliance (UPA) today decided to put up a show of unity in Parliament on the Budget proposals despite the Left parties coming down heavily against the move to allow higher Foreign Direct Investment (FDI) in the insurance, telecom and aviation sectors.

The UPA has decided that it would not roll back the FDI proposals. The UPA meeting that was chaired by its Chairperson, Mrs Sonia Gandhi was attended by the Prime Minister, Dr Manmohan Singh.

During the meeting, the Finance Minister, Mr P. Chidambaram explained to the UPA constituents the thrust of the Budget on agriculture and rural development to accelerate economic growth.

Among those who attended the meeting were the Railway Minister, Mr Lalu Prasad, the Agriculture Minister, Mr Sharad Pawar, theCoal and Mines Minister, Mr Shibu Soren, the Defence Minister, Mr Pranab Mukherjee and the HRD Minister, Mr Arjun Singh.

More Stories on : Budget | Foreign Direct Investment | Politics | Airlines | Telecommunications

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
PC excise duty exemption anomaly to be rectified soon

UPA stands firm on FDI hike proposal

Industrial growth dips to 6.2 pc in May

`Left will vote against amending IRDA Act'

Chidambaram open for transaction tax review

Transaction tax impasse shrinks trading volumes

Speed is the key to post-Budget publications