Manish Sabharwal

The second secession


Manish Sabharwal

'Was majority in parliament on FDI in retail funded by WalMart?'

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Sitaram Yechury

On RBI's amendments to Foreign Exchange Management Act (FEMA) which would give legal effect to FDI in retail, Yechury said the amendments have not have been tabled in Rajya Sabha so far, though they have been placed in Lok Sabha.

"By not tabling it in the Upper House, the government is violating the equality of the two Houses provided in our Constitution. The government is trying to throw a subterfuge as it knows that, most likely, it will lose in Rajya Sabha", he said.

Observing that the amendments would "have to be laid in both Houses within 30 days", he said the last day is December 13. "If they don't do it by then, the judicial review process, which is already on in the Supreme Court, will take over. Not tabling them will be serious subversion of our parliamentary structure."

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