NOTIFICATION OF FDI IN RETAIL IS UNDER THREAT
The notification of the Union Goverment allowing FDI in Retail
issued on 20th September,2012 can be reveresed or withdrawn by any other
Government which comes in power in next general elections-opined Shri
Praveen Khandelwal, Secretary General of the Confederation of All India
Traders (CAIT). Since it is merely an executive notification spelling
out a policy and not backed by any resolution of the Parliament and if
another Government comes to power, it will have equal right to bring
changes in their policy and accordingly in the wake of present majority
view of national and regional political parties opposing FDI in Retail,
this possibility can not be ruled out-said Khandelwal.
He said that it has happened in previous years when Janta Party
came to power in 1977 prior to that 100 percent FDI was allowed. The
then Government asked the MNCs and others to reduce their share to 40%.
Some of the Companies abide by the Government policy and ammended their
share whereas few Companies were opt to quit India.
Mr. Khandelwal said that practically all political parties barring
very few have expressed their vocal opposition to FDI in Retail. Even
the allays of UPA Government and those who are supporting the Government
from outside are also opposing the FDI in Retail. The CAIT under the
banner of “Khudra FDI Virodhi Morcha” consisting of leaders of
farmers,hawkers,consumers,transport,self employed groups,cooperatives
and other related sections will meet leaders of all political parties
and by submitting a memorandum will request them to announce that if
they come to power they will withdraw the notification. It will also
demand that such an announcement should be incorporated in their
respective election manifesto.
Mr. Khandelwal further said that the Government has played a game
in the executive notification just for providing larger space to MNCs.
What it is preaching since last November has been diluted to a great
extent. Such an approach of the Government shows that how much it is
concerned for a common men. He posed a question if really the Government
is committed to provide cheaper goods than why it has put ban on FDI in
e-commerce where the consumer has a variety to look into and can get
the commodities at his door step. The Government must clarify its stand.
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