It is no wonder that Congress Party has fully endorsed the minority government's new economic reform measures, including FDI in multi-brand retail. But it is premature for as Congress Party President, Mrs. Sonia Gandhi to rule out any threat to the government in this connection. It has to be bone in mind that all political parties -- opposition parties as well as main allays of the coalition, except one or two smaller parties are stoutly opposed to FDI in multi-brand retail trade. Moreover it an open secret that Congress Party President, Mrs. Sonia Gandhi is very much the decision to allow foreign retail giants such as Wal-Mart and Tesco to open multi brand retail shops, much against the sentiments and wishes of the retail trading community, almost all political parties, except perhaps the Congress Party and somepartners, farmers’ associations and the public in general. Dr. Manmohan Singh, Mrs. Sonia Gandhi and other votaries know very well that allowing 51% FDI in multi-brand retail trade will do more harm than benefit to the people of the country. They have fallen prey to the lobbying by the multinational retail giants and heir home governments, i.e. America and the European Union. Despite unprecedentedly strong opposition from all quarters, the government showed indecent haste and notified rules to permit foreign retail chains into multi-brand retail trade. The notification has evoked strong condemnation and disapproval from all sections.Dr.C.Murukadas, ET
25 Sep, 2012 06:25 PM