As
things stand today it would be difficult for the UPA II government to
muster enough support for FDI in multi-brand retail trade. Almost all
political parties, except the Congress Party and some of its minor
allies are against the decision to allow 51 percent FDI in multi-brand
retail trade. Many believed that after withdrawal of support by the All
India Trinamool Congress, the UPAII government would apply reason and
annul the decision to allow the multinational retail giants to open
multi-brand retail outlets in India. Althesame has the government has
been reduced to minority, is unconstitutional for a minority government
to take such a vital decision to notify rules regarding FDI in
multi-brand retail. Leader of Trinamool Congress Parliamentary Party,
Sudipt Bandopadhyay, is quite right that the present minority
government is deviating away from the basic tenets of the constitution,
particularly the preamble of the Constitution, which embodies clearly
that âIndia is a sovereign, socialist, secular and democratic
republicâ Only after due and diligent consideration, Indira Gandhi's
government inserted the word 'socialist' to the Preamble of the
Constitution, through the famous Constitution (42nd Amendment) Act in
1976. None of the subsequent government dared to drop this word, though
several other constitutional amendments were carried out. Mrs. Mamta
Banerjee has been consistent in her decision to oppose FDI in retail
trade. The Communist parties have been opposing FDI in multi-brand
retail trade persistently from the beginning. The BJP leaders have gone
to the extent of warning the multinational retail chains aspiring to set
up shops in India like Walmart and Tesco to think twice before
investing in multi-brand shops because the decision to allow FDI in
multi-brand might be annulled after the election, which will
definitely see a change in government. Likewise, all opposition parties
such as BJP, CPM, CPI, AIADMK, Janatha Dal (United), Telugudesam Party,
Samajwadi Party, Bhahujan Samajwadi Party, and a host of other minor
parties such as DMDK have expressed their strong resentment. The main
ally of UPA, the Trinamool Congress, withdrew its support to the UPA
government. Another allay of UPA, DMK, has also opposed FDI in
mutli-brand retail trade. On October1, 2012, DMK demanded
reconsideration of the decision to allow FDI in the multi-brand retail
sector and said it would back any opposition-sponsored resolution that
may be brought on the issue in Parliament. A resolution adopted at an
emergency meeting of DMK Executive, on October1, 2012, stated as
follows: â"Allowing FDI in multi-brand retail in the name of economic
reforms will spell doom for developing countries like India." But now
DMK seems to be in double mind. BSP supremo Mayawati is also in double
mind. Both these parties have one and only agenda,i.e. to hoodwink CBI
inquiry!
Dr.C.Murukadas, The Times of India, Nov. 26, 2012
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