Pushing ahead with the reforms agenda, the Union government yesterday approved raising FDI limit in the defence sector to 49 per cent and fully opened up the railway infrastructure segment for foreign direct investment.
"The Union Cabinet has approved up to 100 per cent FDI in railways and up to 49 per cent in the defence sector. Increasing FDI cap from 26 per cent upto 49 in defence sector
will put a big question mark on safety and security of the nation," Banerjee said in a post on her official Facebook page.
Slamming the NDA government over the FDI in railways, Banerjee, a former railway minister, said, "When successive governments have been consciously avoiding FDI in railways sector for strategic and security reasons, the Central government has, for the first time, now allowed upto 100 per cent FDI in railways".
"I do not know what will be the fate and future of this country," Banerjee, the Trinamool Congress chief, said.
Cabinet approves 49% FDI in defence, opens up railways
Battle heats up for a share of the defence pie
Sensex ends below 26,000 amid volatile trade
UPSC exam to be held as per schedule on Aug 24: Govt
Govt eases environment rules to push investments