New Delhi: The Congress and the BJP jumped into war of words over the Centre’s nod for allowing Foreign Direct Investment (FDI) in retail sector. A committee of secretaries approved 51 percent FDI in retail sector on Saturday.

While the BJP has denounced the step as a devastating one for the Indian economy, the Congress welcomed the move.

Putting an allegation on the Congress, BJP spokesperson Shahnawaz Hussain said, “The Central government is under pressure of the United States which will prove to be very dangerous for the country. Since it is a serious issue and has already been opposed by the Parliamentary Standing Committee, the government should have reached a consensus regarding FDI in retail sector.”

“Amidst the northward inflation and surging unemployment, the move will directly affect small traders, street vendors and self-employed people in the country. We will vehemently oppose the government’s decision regarding FDI in retail sector,” he added.

Defending the government’s stand on FDI, Congress Spokesman Abhishek Manu Singhvi said, “The BJP is doing petty politics as the government has not taken any final decision in this context. The Centre has given its nod for 51 percent FDI in retail sector with some conditions.” 

(JPN/Bureau)