BJP, traders’ association protest against FDI

In a bid to counter Congress' pro-FDI rally, the Confederation of All India Traders (CAIT) and Opposition BJP organised a protest against FDI at Jantar Mantar on Sunday.

Veteran BJP leader Murli Manohar Joshi led the protest and slammed the government's move to allow FDI in retail and the Congress mega rally at the Ramlila Maidan.

"There is a lot of opposition to FDI in retail and Congress party refuses to acknowledge it. The government is insensitive to the plight of farmers and small traders," Joshi said. He likened the government's apathy to music played to a buffalo.

The anti-FDI rally included traders, hawkers and small industry owners under CAIT.

CAIT National Secretary General Praveen Khandelwal said the government should prepare itself to face the Parliament instead of holding rallies.

According to Khandelwal, the Supreme Court had directed the Reserve Bank of India (RBI) to amend the relevant rules and regulations of the Foreign Exchange Management Act (FEMA) to make the government's notification for FDI effective.

"The next hearing of the case is fixed for November 5 and under Section 48 of the FEMA Act, the government is bound to take any amendment in rules and regulations to both the houses of Parliament for discussion," Khandelwal said.

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