Faced with a third week of political protests that have stopped the Indian parliamentary process in its tracks, Finance Minister Pranab Mukherjee today (7 December) announced controversial reforms to foreign direct investment in Indian retail will now be postponed. A consultation, which will involve opposition MPs, will now take place. However, MPs opposed to the ruling have hailed the announcement as the final nail in the coffin for the governments plans. Sam Webb takes a look at the ramifications of the government u-turn.