Today : Saturday - Jul 26, 2014, 02:38pm (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Education
Travel
Lifestyle
Gulf News
Featured
 
::| Latest News
News in Pictures

Seemingly unfazed at being ousted from the Asian Athletics Association, scam-tainted Suresh Kalmadi on Monday said losing the presidential re-election bid to Qatar’s Dahlan Jumaan Al-Hamad has actually given him a chance to work at the “grassroots” level.
“I have no issues today and I congratulate Mr Al-Hamad for being elected as President. I am rather relieved that I will be able to work at the grassroots level in athletics,” Mr. Kalmadi said after losing the vote during the ongoing AAA Congress in Pune.

National News
 

Chidambaram expedited FDI as finance minister, says Joshi

Wednesday - Dec 05, 2012, 06:52pm (GMT+5.5)
[+] Text [-]

New Delhi - BJP leader Murli Manohar Joshi Wednesday said that the government expedited its decision to allow FDI in retail after P. Chidambaram became the finance minister, and added that FDI would hit farmers, small traders and people seeking employment.

Participating in the Lok Sabha debate on the motion against allowing FDI in multi-brand retail, Joshi said the origins of the government's move on FDI lay in Chidambaram's remarks at a meeting abroad in 1996 that the foreign investors would get "huge rewards" on their investment in India.

Chidambaram assumed charge as the finance minister in August.

"As soon as he came, it was superfast (decision) in retail," Joshi said.

He admitted that a document of the National Democratic Alliance (NDA) had talked about FDI in retail, but said that the BJP had opposed any such move in its 2009 election manifesto.

Joshi said a Congress leader had described FDI in retail as "anti-national".

"How did your description of it (FDI) being anti-national became national?" Joshi asked, speaking in the Lok Sabha.

The BJP leader said foreign multi-nationals coming to the country after the decision on FDI would resort to monopolistic practices.

Joshi rejected claims that 35 to 40 percent of fruit and vegetable production was wasted due to inadequate storage facilities and cited reports to assert that losses for various crops were broadly in the range of five to seven percent.

He also disagreed with claims that farmers would get better prices for their produce.

Joshi took potshots at Communications Minister Kapil Sibal and Commerce Minister Anand Sharma over their defence on the FDI decision.

"It will hit workers, small traders, youth. Take a decision in the interest of the country," he said, and added that FDI would impact coming generations.

"If you want your neck to be chopped, it's your decision. But do not do that to the country. Do not kill the small trader," he said.





|

Rating (Votes: )   

blog comments powered by Disqus


Related Articles:
» Finance Minister to review IKEA’s FDI proposal on Monday
» Govt. approves 12 FDI proposals, including of Ratnakar Bank worth Rs. 802 cr
» FDI vote causes JMM-BJP fissures in Jharkhand
» Opposition wants Wal-Mart lobbying reports clarified
» TESCO eyeing Mumbai, Bangalore for expansion post Parliament FDI all-clear
» FDI bill passed using CBI pressure: Kejriwal
» Economist PM is wrong on FDI: BJP
» With parliament victory, UPA on firmer wicket
» FDI in favour of farmers, says Manmohan
» Manmohan Singh pitches for FDI, says 'it will benefit farmers'
» US welcomes Indian Parliament’s decision to allow FDI in multi-brand retail
» FDI in retail will benefit consumer, create opportunities: US
» FDI: Government's victory margin 21 in Rajya Sabha
» FDI: Government wins by 21 votes in Rajya Sabha
» Government wins FDI battle, says reforms on track
» Political management helped win FDI vote: Congress
» Confusion over two Rajya Sabha TDP MPs' vote on FDI
» Confusion over votes after Rajya Sabha FDI debate
» Rajya Sabha votes on FDI to be recalculated
» Overwhelming opinion against FDI decision, say BJP and CPI
» Government wins FDI battle, says reforms on track
» Himachal against FDI in retail: Dhumal
» Consulted everyone before going in for FDI: Sharma
» UPA wins FDI vote in Rajya Sabha
» Samajwadi Party walks out of Rajya Sabha ahead of FDI voting


Other Articles:
Delhi cops to quiz Namdhari for two more days (5th Dec, 2012)
FDI in retail will help farmers: Lalu (5th Dec, 2012)
Government deliberately disrupting Rajya Sabha: BJP (5th Dec, 2012)
'UPA is not concerned about development but foreign supermarkets': Narendra Modi (5th Dec, 2012)
'BJP misleading nation on FDI in retail': Lalu (5th Dec, 2012)
'Sacrifice yourself, not India's interests': Joshi tells Govt. (5th Dec, 2012)
Sharad Yadav warns UPA, says 'roll back FDI, otherwise people will roll back govt.' (5th Dec, 2012)
Lalu's 'Jamhoora' jibe leaves BJP apoplectic (5th Dec, 2012)
PM ready to sacrifice government for Wal-Mart: CPI (5th Dec, 2012)
Government should intervene on Norway court verdict, says child rights activist (5th Dec, 2012)
We'll become slaves of west, says SAD on FDI (5th Dec, 2012)
No change in spectrum auction policy: Sibal (5th Dec, 2012)
Climate change serious for India, says expert (5th Dec, 2012)
Court poser on people with Punjab Police security (5th Dec, 2012)
Chandy, Achuthanandan cross swords over land (5th Dec, 2012)
UPA ready to sacrifice country for Wal-Mart: CPI (5th Dec, 2012)
Government acting as middlemen for foreign companies: TDP (5th Dec, 2012)
Court notice to Delhi government on power bills (5th Dec, 2012)
Opposition speaks out against FDI, UPA braces for house vote (5th Dec, 2012)
Agra lawyers, activist march for a high court bench (5th Dec, 2012)
Priyanka Vadra pledges to donate organs (5th Dec, 2012)
Karnataka assembly meets amid rumblings in ruling BJP (5th Dec, 2012)
Twenty years after Babri razing, India has moved on (5th Dec, 2012)
Delhi may face three-day traffic mess during ASEAN meet (5th Dec, 2012)
Lok Sabha disrupted over Lalu's remarks (5th Dec, 2012)




Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use