Will take fight against FDI in retail to streets: CPI-M

Will take fight against FDI in retail to streets: CPI-MNew Delhi, Dec 5 : Asserting that foreign investment in multi-brand retail was not in the interest of the country, the Communist Party of India-Marxist (CPI-M) Wednesday said it would take its fight on the issue to the streets.

"We will not let Wal-Mart enter our country so easily, we will oppose it. We know the government will not let us win here, but we will take the fight from parliament to the streets and will hold protests across the nation against FDI," CPI-M MP Basudeb Acharia said during the Lok Sabha debate on foreign direct investment (FDI) in retail.

Addressing the house on day two of the debate, Acharia said the government must do a rethink on the issue that would further increase inflation.

"FDI is not in the interest of our country, farmers and retail sector. I urge the government to reconsider and rethink," he said.

Acharia said international experience showed that FDI did not benefit either farmers or consumers.

"Small-scale industries were wiped off in countries that allowed FDI in retail. FDI will further increase inflation," he said. (IANS)

General: 



Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Popular Stories

Sufi legend Begum Yaman passes away at 52

New Delhi [India], Apr 28 : Famous sufi singer and... Read More

No farmer committed suicide over drought: TN Govt. to SC

New Delhi [India], Apr. 28 : In a development bound... Read More

Never took studies as 'burden', says JEE 2017 topper

Udaipur (Rajsthan) [India], Apr 28 : Kalpit Veerwal... Read More

Narada sting: ED files case against TMC leaders

New Delhi [India], Apr. 28 : After the Central... Read More

UP STF raids petrol pumps, eight caught using cheating chip

Lucknow (Uttar Pradesh), April 28 : The special... Read More

UP school issues bizarre diktat: Yogi haircut

Meerut (Uttar Pradesh) [India], Apr 28 : In a... Read More