Left parties to seek another vote, says Karat

Left parties will seek another vote during the amendment to the Foreign Exchange Management Act (FEMA) regulations even if the UPA wins the one on FDI in Parliament by "cobbling" up numbers by "luring" parties opposed to it, CPI-M general secretary Prakash Karat said on Saturday.

"The UPA government, that has allowed FDI in multi-retail under pressure of the US and multinationals, is busy cobbling up numbers by luring parties opposed to FDI to win the vote on the issue," Karat said, addressing a state-level convention of Left parties on FDI.

"Even if the UPA manages to win the vote, the Left parties would demand another vote in Parliament on the amendment of the FEMA regulations to allow implementation of FDI as suggested by the Supreme Court."

On Samajwadi Party indicating support to the UPA over the FDI issue, he said, "Let's wait for the voting."

Describing the decision to allow FDI in multi-brand as "anti-national and anti-people", Karat rubbished the argument of Prime Minister Manmohan Singh that it would create jobs and galvanise the economy.

"The Prime Minister said that the arrival of retail giants will create one crore employment annually... But the fact is that for creating one crore jobs, they will deprive around five crore people of their livelihood," he said.

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