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BJP, CPI oppose decision on FDI in multi-brand retail
Friday September 14, 2012 07:27:03 PM,
IANS
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New Delhi: The Bharatiya Janata Party and the Communist Party of India Friday
slammed the government's decision to allow 51 percent foreign
direct investment (FDI) in multi-brand retail, saying it will
adversely affect livelihood of people.
BJP leader Balbir Punj said the government had taken the decision
to divert attention from the "coalgate scam".
He said Prime Minister Manmohan Singh had gone back on his word
that FDI in multi-brand retail will only be allowed after
political consensus.
"Prime minister has gone back on his word. We are totally opposed
to it. We will fight it tooth and nail," Punj told a news channel.
He said the decision will affect livelihood of millions of people
in retail trade.
CPI leader D. Raja said the government was trying to hand over
economy to private sector.
"The government is neck deep in corruption. It is now trying to
hand over economy to private sector," he said.
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime
Minister Manmohan Singh, Friday decided to allow up to 51 percent
foreign direct investment (FDI) in multi-brand retail.
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