BJP supports money lenders, commission agents: Narayanasamy

V Narayanasamy

Union Minister of State in PMO V Narayanasamy, on Saturday alleged that Opposition BJP supported money lenders, commission agents and failed to pay heed to the plight of the farmers, while it opposed retail reform in the Parliament.

The government won the vote in Upper House on allowing foreign supermarkets into the country, paving the way for Prime Minister Manmohan Singh to press ahead with more reforms, including freeing up a cash-strapped insurance sector.

Narayanasamy said BJP ignored the interests of the farmers.

"The BJP while submitting their point of view in Parliament, they were supporting the money lenders, they were supporting the commission agents, ignoring the claims of the farmers, ignoring the employment generation and also the consumers protection," the minister said.

The policy will allow global retailers such as Wal-Mart Stores to set up shop in the country's $450 billion retail sector, and is aimed at drawing more overseas investment and taming inflation.

Once again, PM's fragile coalition government relied on the outside support of BSP and SP, underscoring the extent to which it is at the mercy of powerful regional groups to push through legislation.

More bills to be introduced in Parl in coming session: PMO

Buoyed by the government winning the FDI vote in Parliament, more bills were likely to be introduced in the coming session covering Banking, Insurance and Pension sectors, Union Minister of State in PMO V Narayanasamy said on Saturday.

"In the coming session, we will bring in Parliament (bills) regarding banking reforms, FDI in insurance, amendments to Companies Act and pension schemes," he said.

These were part of UPA government's efforts at not only attracting more foreign investment but also ensuring creation of more employment opportunities, he said.

"The government is taking all steps to ensure six per cent growth rate despite the global economic situation," he said.

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