Mamata Banerjee, Chief Minister of West Bengal refused to play by the PM's new rules and threatened to take 'hard steps' if the policy was not taken back. She wrote on her Facebook page, “We cannot support price hike of diesel and reduction in subsidized LPG cylinders. On Friday, a decision has been taken allowing FDI in retail sector. It is a big jolt.” In previous times we have seen the government buckle under her pressure but this time they (government) seems adamant to not reverse the decision.
The BJP also threatened to protest the new reforms that are apparently put into place to revive a sluggish economy. With the help of the new reforms Wal-Mart can open stores in India, a move that has been protested in the past. Foreign airlines can now also own up to 49 percent in a domestic carrier that will provide the much-needed money required for troubled airlines in India.
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