Supporting the reform measures announced by the government last week, industry body Ficci said the government should stick to its decisions as it is essential to bite the bullet for ensuring long term gain. The industry chamber said the measures undertaken signalled only a start of a comprehensive reform package and there is a need for much deeper reforms.
Beaming BJP leaders call for a bandh. I wonder if they would re-imburse the loss to the national economy.
The government last week allowed 51% FDI in multibrand retail, opening the retail market to global players. It allowed 49% FDI by overseas carriers in Indian airlines. Opposition parties are against FDI in multi-brand retail and Trinamool has pulled out from UPA on Tuesday night on this issue.