December 4, 2012 1:26 PM

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FDI-related FEMA notification in Parl cannot be rushed thro' along with main debate on issue: BJP

BJP today said it is against rushing through FDI-related FEMA notification in Parliament along with the main debate on the issue.The FEMA rules ae key for operalitionalising the policy decision to open FDI in multi-brand retail.BJP spokesperson Ravi Shankar Prasad told reporters after a Parliamentary Party meeting this morning that as far as regulation notification under Foreign Exchange Management Act (FEMA) is concerned in terms of Sec 48 of FEMA,that notification has to be placed on the floor of the House for 30 days to enable members to see it, consider, think and submit modifications and disapproval amendments.He said,it cannot be rushed through alongwith the main debate on the FDI issue.
Prasad said,a whip has been issued to all party MPs of both Houses. The party has finetuned its strategy as far as opposition to the FDI is concerned. The debate in Lok Sabha will be started by Leader of the Opposition Sushma Swaraj and senior leader Murli Manohar Joshi will intervene tommorrow. Prasad said in Rajya Sabha, the debate will be initiated by Leader of the Opposition Arun jaitley and senior leader M Venkaiah Naidu will also intervene in the debate.On Congress allegation that Gujarat has given undue benefit to a foreign company, he dismissed it as baseless.

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