FDI storm in Parliament costs Rs 20 crore so far
November 28, 2011  12:06

Parliament has now reconvened after the morning adjournment. So far, an estimated Rs 14 crore has been lost over the FDI logjam.

In the first two days of this session, Parliament lost about 17 hours work and over Rs 4 crore cumulatively, considering that rough estimates says each hour of Parliament's work costs the national exchequer Rs 25 lakh.

While the opposition National Democratic Alliance boycott of the home minister P Chidambaram in the Lok Sabha led to adjournments and loss of four work hours on Tuesday, an aggressive and united opposition again forced both houses of Parliament to adjourn without transacting much business for the second day on Wednesday.

On Thursday, both Houses were adjourned for the day following uproar by the opposition on issues like price rise, demand for Telangana and special status to flood-ravaged Odisha.

Resuming after three days of no work on Friday, the government's approval of 100% FDI in single-retail brand and 51% in multi-retail brand led to protests by the opposition, forcing the adjournment of both the Houses.

Led by Congress' major ally Trinamool Congress members, demonstrations against the FDI decision led to a chaos resulting in adjournment of Rajya Sabha for the day.

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