India would become nation of sales boys, sales girls: Jaitley

FP

CPM's Sitaram Yechury said any FDI must do three things: strengthen domestic industry, create employment and bring in new technology. "FDI in multi-brand retail will do none of these, and therefore our party has been consistent in opposing it," he said. "It would be enlightening for you to know that just 1.2 per cent of Walmart's global workforce of about 1.6 million lives above poverty line in their respective countries."

JD-U's N K Singh sought to inquire from the Prime Minister, who sat through the first four hours of the debate, whether "this was the most important of all the economic reforms" that the country needed. "But if you have decided to force this on the nation, would the government consider introducing some safeguards, like a model contract between the stores and the farmers from who they will source their products so that the producer is protected," he asked. He also urged the government to set up a national regulator in the retail sector.

Earlier, initiating the debate, AIADMK's V Maitreyan said that in case his motion was defeated, he was sure that his party "would play a pivotal role at the Centre" after the next elections. "At that time, I am assuring you, we will reverse this decision," he said.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus