Politicians must acknowledge economic crisis: Sardesai

The UPA-II government's best-laid plans to promote growth are in danger of going awry once again. The probability of an inconclusive Winter Parliament Session similar to the washed out Monsoon Session earlier in the year has increased as the Trinamool Congress, an erstwhile ally of the UPA and the Opposition feel slighted by the government's decision to move ahead with measures like allowing foreign direct investment in multi-brand retail.

Though the government breathed a relief for on the first day with the failure of Mamata Banerjee's bid to topple the government with a no-confidence motion, the uncertainty over the fate of the Parliament session continued and the day's session ended in a stalemate over the BJP calling for a debate with vote on allowing FDI in retail and the government refusing to concede ground.

CNBC-TV18's Reforms Reversal invites economy and political editor Siddharth Zarabi, CNN-IBN editor-in-chief Rajdeep Sardesai, BJP national spokesperson Nirmala Sitharaman and Hindustan Times political editor Vinod Sharma  to discuss if the political logjam would lead to another failed session, whether the Opposition's demand for a vote on FDI in retail would lead to a possible rollback and if the BJP would soften its stance on the crucial pension and insurance Bills.

Below is an edited transcript of the panel discussion on CNBC-TV18. 

Q: Sushma Swaraj and other leaders of your party have maintained that a discussion with voting is what they will agree to otherwise the lock-jam will continue. Are you willing to change that position on the basis of what you heard from the Commerce Minister?

Sitharaman: It is surprising that after all the commitments made in the house we still have the minister speaking in a press conference to explain himself rather than in the house. If we have answers for everything there is no need for a discussion here, that is exactly what the Parliament and the opposition parties are asking. The strategy of this government has always been, don't face it in the government or Parliament and leave everything to be floating in the air for people to address it. We have come with specific objections.

Q: If I may interrupt you and ask you will you change your position now on the basis of what you have heard from the government, they are willing to discuss any issue on the floor of the house. Are you willing to go forward with a discussion or you insistent that a discussion with a vote is the only way forward?

Sitharaman: I would like you to ask a question to Mr. Anand Sharma. With so much stated and given as notice in the Parliament already, would he want to go and face the parliamentary procedures and answer the same things there, rather than come out in the media to speak about it because it is important. And if you notice the language of the Minister it doesn't seem to want to negotiate, talk, consult, and meet the opposition. It is more like I have done my job.

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