Double hazard: BJP, Left may get two chances to defeat FDI

The UPA’s vote challenge on foreign direct investment (FDI) in multi-brand retailing has become stiffer with its linkage to a more complex issue—approval of the relevant amendments to the Foreign Exchange Management Act (FEMA). Given the political implications of the vote, the government would want the FEMA amendments clubbed with the FDI debate and vote, but the BJP and the Left want a separate debate and vote on FEMA amendments in order to have a second chance to embarrass the government.

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