Trinamool Congress opposes FDI-India News and Travel Times Provides India-centric and other News and Features

The Trinamool Congress (TMC), a key ally of Central government, has opposed the Cabinet's decision to hike diesel prices and also the green signal for foreign direct investment (FDI) in retail, aviation and other sectors. Railway Minister and senior TMC leader Mukul Roy clarified that that his party has sternly opposed such decisions by the government. Roy said his party had expressed its stand to the government and would meet on September 18to take a final decision on these issues. "We have already communicated that party is to sit (assemble) on September 18. We have communicated already to the appropriate level that we are unhappy and we have also said that we want roll back of the decision (hiking diesel prices)," he added. The Union Cabinet on Friday decided to operationalise 51 percent FDI in multi-brand retail, but left it to the state governments to allow setting up of such stores. The decision in this regard was taken at a meeting headed by Prime Minister Dr. Manmohan Singh here on Friday evening. The government had in November last year approved 51 percent FDI in multi-brand. This was, however, put on hold due to political opposition, including from UPA constituent Trinamool Congress.

Trinamool Congress opposes diesel price hike, FDI