Chennai: BJP on Saturday said implementation of FDI in multi-brand retail will make India a nation of "sales boys and sales girls" and it hoped to see the end of the UPA government on the issue.
Leader of the Opposition in the Rajya Sabha, Arun Jaitley, said the biggest danger of allowing FDI in Indian markets was not just the threat posed to retail and services sectors but the danger faced by the manufacturing sector.
"International retail sources its products internationally and domestic sources domestically. India has not taken up any reforms in manufacturing sector. While companies from US and Europe will capture the Indian markets with cheap Chinese goods, India will become a nation of sales boys and sales girls," he said at a public meeting here.
"It is a decision for which India at least today is not prepared. And I cannot understand the compulsion. I hope the government falls on this issue so that no one repeats the mistake," he said....
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09:42 PM, Sep 15, 2012
New Delhi: In a scathing attack for allowing FDI in aviation and multi-brand retail, the Left on Friday said that Prime Minister Manmohan Singh is responsible for the decline in the economy. Politically Congress is going down. The government under Manmohan Singh is responsible for decline in the economy, Left leader Gurudas Dasgupta said. The move to bring FDI in retail will create further crisis in the country. FDI in...
06:03 PM, Sep 14, 2012
Patna: Bihar Chief Minister Nitish Kumar on Monday said it was not possible to accept Foreign Direct Investment (FDI) in multi-brand retail in the state "as it is converse to policy of growth with justice". "It is our considered view that as the domestic retailing is underdeveloped and is in a nascent stage, it is important that this sector is allowed to grow and consolidate first before any liberalisation," he...
05:42 PM, Jul 30, 2012
New Delhi: Prime Minister Manmohan Singh has decided to press the accelerator on foreign direct investment (FDI) in various sectors and take forward economic reforms within weeks of taking charge of the Finance Ministry. FDI in retail may be a reality by August 15 as the Congress-led United Progressive Alliance (UPA) Government, keen to end the policy paralysis, is working towards building a consensus on the issue. An indication to...
05:45 PM, Jul 19, 2012
Barasat: West Bengal Chief Minister Mamata Banerjee on Saturday asserted she remained firmly opposed to allowing foreign direct investment (FDI) in multi-brand retail. Earlier on Saturday, Chief Economic Advisor Kaushik Basu had said in Kolkata that Banerjee would realise the reform would be a win-win situation if properly explained to her. "Mamata Banerjee is intelligent, but retail FDI argument is very complex. If it is explained to her, then she...
06:25 PM, Jul 07, 2012
New Delhi: The Centre is moving ahead with the push to break the policy paralysis and is getting support from Congress-ruled states on Foreign Direct Investment (FDI) in retail. Congress-ruled sates are in favour of FDI in retail and will go ahead with it, sources have told CNN-IBN. Commerce Minister Anand Sharma will call a meeting some time next week with all stake holders including farmers, experts and the chief...
05:16 PM, Jul 04, 2012
Antwerp: India has assured global investors that the country will move forward with its decision to open multi-brand retail to foreign investment and it has not pressed the "reverse button" on the proposal. Following strong protests from its key ally Trinamool Congress, the UPA government has suspended its decision to allow 51 per cent FDI in the politically sensitive multi-brand retail sector. "We know that partisan politics delayed the implementation...
10:05 PM, Jun 25, 2012
New Delhi: Congress MP Sanjay Singh, who is opposing the government move to reform FDI in retail, on Tuesday said that the step might hamper the prospects of the party in the forthcoming assembly elections. Speaking to IBN18 Editor-in-chief Rajdeep Sardesai, Singh said that most of the Congress MPs were not taken into confidence on the issue of FDI in retail. He said that he was opposed to the move...
06:19 PM, Nov 29, 2011
New Delhi: Prime Minister Manmohan Singh, addressing the Youth Congress rally on Tuesday, again raised the pitch for foreign direct investment (FDI) reforms saying that the move would be beneficial for the farmers. The Prime Minister also hit out at the Opposition for stalling that Parliament saying that if it "is not allowed to function, we are betraying the trust of people". He, however, said that the Centre was not...
05:12 PM, Nov 29, 2011
The government has called an all-party meet on Tuesday to discuss the controversy over FDI in retail. ...
11:04 PM, Nov 28, 2011
Jammu: Jammu and Kashmir Chief Minister Omar Abdullah has come out in open support of Foreign Direct Investment in retail and tried to allay fears on this count by recalling his days in the NDA government. "I remember the same 'Indian Business will Die' when we rolled Quantitative Restrictions on Imports back under WTO commitments during NDA," he posted on micro blogging site Twitter on Monday. In another tweet, he...
05:49 PM, Nov 28, 2011
New Delhi: Protesting the approval of the FDI in retail, Kerala Pradesh Congress Committee (KPCC) Chief Ramesh Chennithala has written to the Prime Minister opposing the nod from the government. Chennithala said, "I have written to Prime Minister Manmohan Singh opposing the Union Cabinet decision to throw open the doors of country's retail market." The party in Kerala has been opposing FDI in retail fearing that the opposition Left would...
08:18 AM, Nov 28, 2011
Madhya Pradesh Chief Minister Shivraj Singh Chouhan opposed the Union government's move to allow FDI in retail. ...
03:56 PM, Nov 26, 2011
Tonight at 10, Sagarika Ghose asks a panel of experts if the country needs Walmart and other muti-brand retailers in India?
01:10 PM, Nov 24, 2011
West Bengal Chief Minister and TMC leader Mamata Banerjee said that she will express her views on FDI in retail only when details are provided to her. ...
10:52 AM, Nov 24, 2011
Left leader Gurudas Dasgupta said that the safeguards on FDI will not work in India. He said that FDI should be in production not in trade and commerce. ...
10:43 AM, Nov 24, 2011
