It is the time to strongly
protests the policy notification on FDI in retail trade issued by the
government. Notwithstanding the widespread opposition to FDI in multi-brand
retail trade, the government has gone ahead with the notification.The rules announced by
the government for FDI in multi-brand is designed to serve the interests of
MNCs like Wal-Mart, TESCO and Carrefour. The investment floor of $ 100 million
(R. 550 crore) is insignificant for the giant retailers like Wal-Mart which are
multibillion companies.
The restriction that foreign retail outlets should be in cities with over 10 lakh population is also irrelevant because these are precisely the urban centres which the MNCs want to access as they are the most lucrative segment of the market. “Furthermore, the rules provide that in states/Union Territories which do not have cities having a population of more than 10 lakh, foreign retail outlets may be set up in cities of their choice.” Thus foreign supermarkets can be set up in all parts of the country and in a wider range of urban centres.
That the government is
bent upon promoting FDI in retail at the cost of domestic interests is clear
from the dilution of the conditions set for FDI in single-brand retail.
Earlier, the rule was that for FDI above 51 per cent in single brand retail,
there was a mandatory sourcing of at least 30 per cent of the value of products
sold from Indian “small industries/village and cottage industries”. Now this
has been diluted. It is stated that instead of mandatory sourcing it is
“preferably” from small and medium enterprises etc. Further, the definition of
small industries has also been done away with.
By this policy
announcement, the Manmohan Singh government has taken the single biggest step
of destroying the livelihood of the largest number of people engaged in retail
trade in India.
So unite and resolutely
wage the struggle to get this anti-national decision rescinded. ……………………………………………………………….
Hi,
ReplyDeleteThis is gonna shock all of you , out of your pants.
It was decided in the Bilderberg club long ago, to gate crash into Indian economy, by a conspiracy.
If you want to know what this elite club is –
Punch into Google search
THE SHREWD CLUB WITHIN THE NAÏVE BILDERBERG CLUB- VADAKAYIL.
And if you want to know who runs the Bilderberg club by remote control—
Punch into Google search
WORTH MORE THAN THE SUM TOTAL OF ENTIRE FORBES LIST- VADAKAYIL
The banking cartel had been given a toe hold in India, by giving away FDI in multi-brand retail and FDI in insurance.
Insurance affects transport costs and trade costs -- it requires perception to understand all this.
Patriotic Indians wake up!
DORKS and desh drohis shall lay off !
Capt ajit vadakayil
..