Prime Minister Manmohan Singh said that he is in view of allowing 100% FDI in Rajya Sabha Member of Parliaments (MPs). PM was referring for introducing more reforms to curb rupee fall and improve situation of current account deficit.

"I think we should allow direct investment in Rajya Sabha MPs. This will bring more and more competition in the sector and would increase the prices paid to the MPs. I ask planning commission to form a panel to give us recommendation on the implementation of this policy reform," said PM Manmohan Singh, expressing his opinion on bringing more and more investments in India.

Recently, a Congress MP from Haryana Birender Singh revealed that rates of Rajya Sabha MPs are hovering around Rs 100 crore.

"The sector is still undervalued and has a lot of potential and needs to be opened up so that investment of at least Rs 24500 crore will be attracted. It will curb rupee's fall and also improve CAD situation," said Manmohan Singh. However, he denied revealing anything more on issues like who is interested in investing in Indian MPs and what sort of value addition the investor will get besides getting a candidate who only creates rhetoric and sleeps in the Rajya Sabha.