Bill’s retail tale: Karunanidhi sees light on Diwali

From opposition to obfuscation, DMK takes quite a turn on retail FDI front

shantanu

Shantanu Datta | November 14, 2012


DMK patriarch M Karunanidhi
DMK patriarch M Karunanidhi

Diwali is the festival of light. It also, at times, brings to light new facts, hitherto hid in the political closet of denials and supposedly seminal noise-making. Take M Karunanidhi, for instance.

It just so happened that finance minister P Chidambaram paid the DMK boss a “Diwali visit” on Tuesday, and it just so happened that Karunanidhi soon made a 90-degree turn on his stance so far on allowing foreign direct investment (FDI) in the retail sector. “The DMK stand will be known when the bill is introduced,” Karunanidhi said, post-visit by Chidambaram (read full story here).

That’s a 90-degree turn from his party’s earlier stated opposition to the FDI argument. If you know even how to spell politics in India, you can bet your fresh, new Diwali kurta or suit that the 180-degree turnaround isn’t far off.

But what new illumination is expected after the bill is introduced isn’t exactly part of the storyline yet.

On October 1, a resolution adopted at an emergency meeting of the DMK executive, chaired by, you guessed it, Karunanidhi, stated: "Allowing FDI in multi-brand retail in the name of economic reforms will spell doom for developing countries like India."

The DMK, which can now look at better dividends in the year-and-a-half till the next general elections after the mercurial Mamata Banerjee’s exit from the UPA, said that a situation in which certain (read Congress-ruled) states implement FDI in retail and BJP/NDA, Left and Trinamool-ruled states, among others, steering clear of it would “hugely” damage the Indian economy. The DMK executive, therefore, “insists the central government to reconsider the decision to allow FDI (in multi-brand retail)," the resolution said.

So what changed between October 1 and Diwali? The equation, of course, with Mamata Banerjee making it obvious that a return ain’t a possibility in near future, the Congress getting Sonia and Rahul Gandhi to board the reforms bus and silence murmurs of dissent within friends and allies, and the government’s stability becoming a jot more confirmed after Manmohan’s weekend lunch with Mayawati.

With 18 members in Lok Sabha, and the DMK now the biggest UPA ally after the Congress post-Trinamool exit, Karunanidhi knows his party can afford to flex its muscles, howsoever puny it is, as both Samajwadi Party and its bête noire in Uttar Pradesh, Bahujan Samaj Party, are falling over themselves to extend the Manmohan Singh-Sonia Gandhi government ‘outside support, that wonderful substitute word for bargain-hunting in Indian politics’ lexicon.

But Karunanidhi, with his years of experience in doing the twists, turns and tangoing with different political partners, knows the ‘insider’ is bound to get the priority share of the pie. The question, though, is who offered the Diwali sweets during the meeting and greeting in Chennai. As for the rest, happy extended Diwali till the winter session, when more enlightenment is promised in and outside the House.
 

 

Comments

 

Other News

How social media is reshaping elections

Since Brazil’s return to direct presidential elections in 1985, no candidate who finished second in the first round of polling had ever won the presidency. Luiz Inácio Lula da Silva, now 81, has just done it. What explains the comeback, and what changed in Brazilian politics to make it possi

Cabinet approves Dearness Allowance, Dearness Relief

The union cabinet chaired by prime minister Narendra Modi on Wednesday approved the release of an additional instalment of Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2026 representing an increase of 3% over the existing rates of 6

Cyclone Arnab strikes Andhra as warming oceans amplify storm risks

Cyclone Arnab made landfall along the Andhra Pradesh and Yanam coasts in the early hours of Wednesday as a very severe cyclonic storm, with maximum sustained wind speeds of 125–135 kmph and gusts reaching 150 kmph. Its rapid intensification has raised concerns about how warmer oceans, global warmin

Counting matters but which ones?

The first instinct of public policy is to count. Its harder task is to count what counts. We have become remarkably good at measuring the reach of the welfare state vis-à-vis beneficiaries covered, rupees transferred, houses built, connections installed and services delivered. But some of the most

Inching closer to a trade deal with America

The cooperation between India and the United States goes back quite a time. We need to relegate that era to the backburner when Pandit Jawaharlal Nehru visited US in the times of president Dwight Eisenhower and called the American let-off of 10 million dollars in defence aid to Pakistan as a “gun w

Manch vs Musk: Forty people and a foreign billionaire

About forty people walked the roundabout on Teen Murti Marg to the gate of Chanakyapuri police station, a distance you could cover in under a minute, on Friday to protest against Elon Musk’s Starlink. The walk was called by the Swadeshi Jagaran Manch. Nobody joined them on the way, and nobody seeme

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter