New Delhi, Wednesday, December 7, 2011: There seems to be a major breakthrough achieved at the all-party meeting with regard to the deadlock over foreign direct investment (FDI) in retail on Wednesday.

The government, after meeting its allies and opposition parties, agreed to suspend 51 per cent FDI in retail till a consensus is achieved among all parties.

“Decision to bring 51 per cent FDI in retail suspended till a consensus is brought among various stake holders including political parties,” said Union Finance Minister Pranab Mukherjee.

Addressing mediapersons after the meeting, Union Minister Farooq Abdullah said that the Opposition had agreed to let the Parliament function normally.

(News agency)