House meets today, govt to push retail FDI

APMC

Amendments to the APMC Act are necessary to break the monopoly of wholesale markets. This will allow retailers to buy agricultural produce directly from farmers. However, sources said the amendments would require approval from the Union government.

"The proposed amendments are ready, but approval from the Central government is mandatory. The decision to discuss FDI in retail in the Cabinet was postponed because certain clarifications were needed,"a government official said.

The Congress government is bracing for a stormy Assembly session in view of the BJP's anti-FDI stand. The Opposition party, which wants a discussion on FDI in the Assembly, has planned protests in the House and on the streets.

Leader of the Opposition V K Malhotra said the BJP would oppose any move to allow FDI in retail in Delhi. "We are ready for a fight with the Congress. The country doesn't need or want FDI in retail. We will protest inside and outside the Assembly," he said.

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