Saturday, September 22, 2012

Reformers of economy or deformers of nation?



Unmindful of the unprecedented opposition from political parties, trader's bodies, farmers association and the public, the Indian government showed indecent haste and notified the rules  to permit foreign retail chains into  the  multi-brand retail   trade.  The notification has evoked strong condemnation and disapproval from all sections--political parties, traders’ bodies, farmers associations, experts and the public in general. Many believe that after withdrawal of support by the All India Trinamool Congress, the UPAII government has been reduced to minority and it is unconstitutional for a minority government to take such a vital decision to notify riles regarding FDI in multi-brand retail.  Mrs. Mamata Banerjee, West Bengal Chief Minister, on Friday, September 21, has lambasted UPA-II for notifying FDI in retail. She wrote  in Facebook as follows: “Is it ethical, moral and democratic for a minority Government to issue a Government order forcefully and hurriedly, when massive protests against it are taking place across the country?.... It is not understandable as to what has prompted the present minority Government to take a hurried decision on such an important issue which touches the livelihood of millions of common people.” Prakash Karat General Secretary of CPM lashed out at the Congress-led UPA Government for going ahead with its decision to implement the Foreign Direct Investment (FDI) in retail without taking the mandate of the Parliament.Moreover, in his address to the nation on September 21, 2012, the Prime Minister of India, Dr. Manmohan Sing, struggled to convince the people of India on the benefits of FDI in multi-brand retail.  But the arguments put forth by him in favour of FDI proved as fallacious and unconvincing, besides being travesty of truth. Consequently, the opposition has hit out at the Prime Minister over his address to the nation saying that he was “misleading” the country on FDI in multi-brand retail and appeared to be advocating interests of other countries while trying to “defend the indefensible”.  In conclusion, allowing 51 percent FDI in multi-brand retail is an unwise and an anti-people decision; it requires to be definitely annulled!

Dr.C.Murukadas, The Pioneer, Sep 22, 2012.


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