Hope Mamata will okay FDI in retail: BasuJuly 7th, 2012 - 7:41 pm ICT by IANS
Kolkata, July 7 (IANS) Chief economic advisor Kaushik Basu Saturday hoped that West Bengal Chief Minister Mamata Banerjee will give a nod for FDI in retail trading.
It was under intense pressure from Banerjee’s Trinamool Congress that the central government put the plan to allow foreign direct investment (FDI) in retail trading on hold.
“When it comes to some of the intricate economic policy making, it is easy to fall in the trap of thinking that I know what is best,” Basu said to a question at an event organised by the Bharat Chamber of Commerce here.
“Our top leaders have a lot of indulgence to grasp intelligently this kind of a policy,” Basu said.
“So if it can be explained to her (Mamata), I feel she would understand it is actually in the interest of the people, farmers and consumers of West Bengal,” he said.
The economist said after multinational companies start largescale operations in retail, it would economically benefit farmers.
- Trinamool opposition to FDI not ideological: CPI-M - Aug 25, 2012
- FDI in multi-brand retail will lift mood: Economic advisor - Jun 13, 2012
- Ruling without caring for farmers great tragedy, says Moily - Jul 24, 2012
- Inflation to soften by mid-October: Kaushik Basu - Jul 03, 2012
- Trinamool had asked for FDI in its manifesto, says Congress - Sep 20, 2012
- Trinamool to continue opposition to reform legislations - Jul 20, 2012
- After Congress, Left accuses Trinamool of double standards on FDI - Sep 20, 2012
- FDI: Government firm, tries to woo allies (Roundup) - Dec 02, 2011
- Amit Mitra shifts stand on FDI in retail - Nov 28, 2011
- CPI-M opposes move to allow FDI in multi-brand retail - May 28, 2011
- Don't succumb to US on retail trade: CPI-M - May 07, 2012
- PM dials, but Mamata says a firm 'no' on FDI - Dec 02, 2011
- Trinamool to oppose UPA's anti-people policies in parliament - Feb 29, 2012
- Gogoi urges PM to implement FDI in retail sector - Jun 07, 2012
- Congress dubs Trinamool 'BJP stooge', asked to leave ministry (Lead) - Jan 04, 2012
Tags: central government, chamber of commerce, chief minister, consumers, economic advisor, economic policy, economist, farmers, foreign direct investment, indulgence, intense pressure, mamata banerjee, multinational companies, nod, retail trading, trinamool congress, west bengal