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20th September,2012 can be reveresed or withdrawn by any other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.
For more information please contact CAIT, Secretary General, Mr. Praveen Khandelwal@9891015165, 9310199771.
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