Speaker rejects BJP, Left demand for debate on FEMA

Opposition Bharatiya Janata Party and Left parties on Tuesday demanded separate debates with voting on Foreign Direct Investment in retail and related amendments in Foreign Exchange Management Act rules in Lok Sabha, but it was vociferously opposed by the government and rejected by Speaker Meira Kumar.

The demand for separate discussion and voting was raised by BJP leader Yashwant Sinha and supported by Communist Party of India - Marxist leader Basudeb Acharia and Gurudas Dasgupta of Communist Party of India.

But, Parliamentary Affairs Minister Kamal Nath and Home Minister Sushilkumar Shinde, who is Leader of the House, opposed the demand.

After considering the two views, the Speaker ruled that the debate on FDI and FEMA will be held together, after which the vote can take place separately on Wednesday.

Informing that she had consulted Nath and Shinde, she said the two issues are related and "therefore to avoid repetition, it was decided to have a combined discussion."

Citing a rule, Sinha said debate and voting on FDI in retail under Rule 184 should not be clubbed with the one regarding modifications to FEMA notifications issued by the RBI in October.

He said members have the right to move amendments to FEMA modifications up to 30 working days from the day it was tabled in Parliament and that right should not be taken away.

"I request, doing so (clubbing the two) is not proper," he said, demanding a separate debate and vote.

He noted that the notification was tabled on November 30 and the 30-day period will not end even on December 20, the last day of the current winter session.

Sinha said the FEMA issue can be carried forward and discussed in the budget session or even the monsoon session.