'Govt. approved FDI in retail under pressure of foreign elements': BJP

   Sep 14, 7:59 pm

New Delhi, Sep 14 (ANI): Charging the Congress-led UPA Government of taking the decision to approve Foreign Direct Investment (FDI) in multi-brand retail under pressure of foreign elements, senior Bharatiya Janata Party (BJP) leader Ravi Shankar Prasad on Friday said this would very seriously impact upon the future and prospects of nearly five crore people of India who are dependent on the retail sector.

Prasad said the hurried manner in which FDI in retail has been decided by the Cabinet today is deeply unfortunate, regrettable and condemnable.

"This decision has been taken under pressure of foreign elements, which would very seriously impact upon the future and prospects of nearly five crore people of India who are dependent or the retail sector, in small grocery shops which have been nurturing the Indian economy at the village level, at the 'mufasil' level and also at the 'mohalla' level in various urban centres," said Prasad.

"Therefore, without any corresponding gain to India in terms of movement of human resources, they are still suffering the problem of outsourcing in Europe, in America and in many countries. Yet, without any corresponding commitment by authorities or considerations from the foreign countries, Dr. Manmohan Singh's Government has succumbed to the pressure, which would seriously impinge upon the employment potential and earning potential of small retailers and traders all over India," he added, while emphasizing that the BJP shall continue to oppose this.

The Union Cabinet earlier today decided to operationalise 51 percent FDI in multi-brand retail, but left it to the state governments to allow setting up of such stores.

The decision in this regard was taken at a meeting headed by Prime Minister Dr. Manmohan Singh here this evening.

The government had in November last year approved 51 percent FDI in multi-brand. This was, however, put on hold due to political opposition, including from UPA constituent Trinamool Congress.

West Bengal Chief Minister Mamata Banerjee, who has 16 Lok Sabha MPs and is the second-largest member of the ruling UPA coalition, has so far opposed the FDI in key sectors like retail, insurance and aviation.

She had earlier claimed that FDI in these sectors would be harmful for the people of the country. (ANI)

'We were mislead': Press Club on Afzal Guru event Feb 12, 12:51 pm
New Delhi, Feb. 12 (ANI): The Press Club of India on Friday distanced itself from an event in their premises in which anti-India slogans were raised during a commemorative meeting held to mourn the hanging of 2001 Parliament attack convict Afzal Guru.
Full Story
National Herald case: SC to hear Sonia, Rahul's plea today Feb 12, 12:51 pm
New Delhi, Feb. 12 (ANI): The Supreme Court on Friday will hear the pleas of Congress President Sonia Gandhi and part vice president Rahul Gandhi against the Delhi High Court verdict refusing to quash summons issued to them in the National Herald case.
Full Story
Odd-Even: Delhi HC seeks response from LG, MHA Feb 12, 12:46 pm
New Delhi, Feb.12 (ANI): The Delhi High Court on Friday sought a response from Lieutenant Governor Najeeb Jung and the Ministry of Home Affairs on a Public Interest Litigation (PIL) which alleges that the government has 'maliciously misdirected themselves' to cut the number of vehicles on road instead of enforcing pollution control rules.
Full Story
Nation won't tolerate insults on Mother India: Smriti Irani on JNU row Feb 12, 12:30 pm
New Delhi, Feb. 12 (ANI): With the Centre having taken a firm stand over the protests at Jawaharlal Nehru University (JNU) against the hanging of Parliament attack convict Afzal Guru, Union Human Resource and Development (HRD) Minister Smriti Irani on Wednesday said that an insult to India in any form would not be tolerated by the country.
Full Story
Comments