#Politics Staff Picks - Archived

UPA considers FDI in coalition after Indian parties dump alliance

With Mamata Banerjee withdrawing support from the ruling coalition in New Delhi, the under-fire UPA government has put up a brave face, and has said that they will introduce Foreign Direct Investment (FDI) in the coalition itself. “51% of the government alliance is now available for FDI,” Congress leader Digvijay Singh told the media today afternoon. And, by evening, major political parties, apparently backed by huge multinational companies, were lining up to get a share of the Indian government, a business that has proved its potential for huge money in recent times.

Though governments have been bought and sold before as well, political pundits say that the new policy will ensure that it is all out in the open. Hence the move has been appreciated for its “candid honesty”. An added advantage is that there will be a strong Centre, for money is might; and the party that commands the moolah commands the country. Opposition parties with weaker investments may either be bought outright, or the principal investors face hostile takeover bids from the supporting foreign investors. As an indirect result, it will also reduce the burden on the public exchequer by preempting elections after every two-bit policy change.

Bharatiya Janata Party (BJP), the nation’s favourite opposition, is upto another nationwide bandh asking for immediate roll back of the FDI. As BJP leaders called for the bandh scheduled for tomorrow, sources also say that meanwhile their charismatic leaders are also trying to woo foreign investors with the promise of an undivided NDA.

Sources inside UPA revealed that bids have already been received from Walmart, who, with this acquisition, plan to have a complete retail portfolio—from selling potatoes to politicians. Not surprisingly, other interested corporate include Facebook and Google, who believe that owning a part of the government might prevent them from getting threats of censorship every fortnight. Such companies stand to gain a lot, thanks to the Prime Minister’s passion for coalition dharma.

(concept: Tanay Sukumar)

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Satat Mishra

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