We will protect shopkeepers against FDI: KaratJanuary 20th, 2012 - 10:26 pm ICT by IANS
Kolkata, Jan 20 (IANS) Denouncing moves to let 100 percent FDI in single-brand retail, the Communist Party of India-Marxist (CPI-M) Friday vowed to mobilise support to protect lakhs of shopkeepers.
“While the United Progressive Alliance government suspended its policy of allowing 51 percent FDI in multi-brand retail, it increased FDI in single brand retail trade to 100 percent.
“It’s a backdoor effort to bring FDI in multi-brand retail trade,” CPI-M general secretary Prakash Karat said here.
He also pointed out that Prime Minister Manmohan Singh had also announced that the government will wait for the election in five states and again reintroduce the multi-brand FDI policy.
“We want to mobilise the public to stop the govternment from implementing this for multi-trade retail. We will continue to organise the people,” he added.
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- Opposition insists on FDI rollback ahead of all-party meet (Roundup) - Dec 06, 2011
- Chhattisgarh shuts down against FDI in retail - Dec 01, 2011
- 'Efforts on to allow FDI in multi-brand retail' - Mar 16, 2012
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Tags: alliance government, communist party of india, communist party of india marxist, CPI, general secretary, lakhs, manmohan, manmohan singh, prakash karat, prime minister manmohan, prime minister manmohan singh, progressive alliance, retail trade