Friday, 13 December 2019

Deepak Parekh: UPA’S Future FM?

Updated: December 24, 2011 10:54 am

Being put on the mat by an aggressive opposition, the cunning Congress did what it is best at. Last Sunday, it made two of India’s big business leaders—HDFC’s Deepak Parekh and former Hindustan Lever Ltd chairman Ashok Ganguly—to issue a joint statement justifying the government’s stance on the retail FDI issue and to expose the Opposition’s so-called evil designs.

The business leaders did their best to convey a message against the false dangers of FDI in modern retail trade and derided the Opposition for not allowing the Parliament to function. “The protests on FDI in retail are misconceived and unfortunate. Opposing investment in modern retail for the sake of it is only defending vested interests to the detriment of the vast majority. The farmers, the consumers and the common people must raise their voices against this false drama,” they said

Both bewildered that the false alarm of FDI had been continued to be used after so many years and they lamented that the kirana shops downed their shutters to support bandhs. They even called upon the saner sections of Corporate India to strongly support progressive measures of the government. Ganguly is already a nominated Rajya Sabha Member and it is obvious for him to stand by the government. What about Parekh? Maybe he is now eyeing a Rajya Sabha post or a place in the cabinet as he is no more playing any executive roles at HDFC.

 

Pranab Da Overlooks Jaitley, Gadkari!

UPA prefers playing on the back foot on the FDI ground and resolved the issue by sitting all together in an all-party meet. FM Pranab Da tried all possible ways to convince all the parties opposing the move of the government to allow 51 per cent FDI in multibranding retail. Though, he talked with senior leaders of the main Opposition party, BJP, LK Advani and Sushma Swaraj, he avoided Arun Jaitley who is Leader of the Opposition in the Rajya Sabha despite the fact that UPA doesn’t have the majority in the Rajya Sabha. However, Mukherjee was seen chatting cosily with Sitaram Yechury of CPM. All know that Arun Jaitley is opposing FDI in retail trade very strongly. It is learnt that UPA is also avoiding the BJP’s national president Gadkari. Previously, when Rajnath Singh was President of the BJP, Sonia Gandhi and UPA government use to come and seek advice on policy matters whatsoever.

FDI Luck For P Chidambaram

The UPA government has laid FDI in retail as a protective shield around itself. It goes without saying that Opposition was all set to launch an all-out attack against the Home minister P Chidambaram for his said involvement in 2G scam during the winter session of the Parliament from day one. Withstanding this attack the government appears to be in a defensive mode on this issue and it was expected that PC (P Chidambaram) would have had to resign had the Opposition got its chance. But during the first few days of the session, the Opposition was busy with the issues of corruption, inflation and black money and when it became ready to attack Chidambaram; the government coined the issue of FDI in retail. However, this issue boomeranged and though the government managed to save its HM, it is facing an acute embarrassment as its own allies are standing against them.

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