Modi slams Centre over FDI in retail
- NIA Dy SP Mohammed Tanzil shot dead, agency says attack was planned
- Kolkata flyover collapse: How red flags raised over contractor, project were ignored
- Secured release of 4 Indians from Syria: Sushma Swaraj
- Gujarat riots: Closing the door on 2002
- Omar Abdullah: Look forward to PDP MLAs saying 'Bharat Mata Ki Jai' after swearing-in
Vivekanand yatra Says move will hit small-time traders, lead to massive job losses
Chief Minister Narendra Modi today came down heavily on Prime Minister Manmohan Singh over the Centre's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail.
Addressing a public meeting as part of his Swami Vivekanand Yuva Vikas Yatra, Modi said the move would affect small-time traders and lead to massive job losses.
"I don't know what the Prime Minister is doing... I want to tell Prime Minister Dr Manmohan Singh that with this decision, small-time traders, labours and manufacturers will die. The well-developed small-scale industries will also shut down," he said in Kamrej.
"Cheap goods produced elsewhere will be dumped in India and it will affect the manufacturing sector of the country as manufacturers of small items will find it difficult to survive," Modi added.
He further said that the entry of multi-brand retailers "will bring along starvation and unemployment to our country".
Speaking in Navsari earlier in the day, the CM attacked Congress president Sonia Gandhi on the diesel price hike. "I have announced waiver on loan interest and relaxation on power bills for farmers of Gujarat, and see Sonia Gandhi has raised diesel prices and even restricted the number of LPG cylinders," he said.
Modi added that the restriction on the supply of gas cylinders would result in its "black marketing". "A small family in India needs two gas bottles in a month for cooking and after the step taken by Sonia Gandhi, they will have to face extra burden of Rs 800 to Rs 1,000."
He said the hike in diesel prices would affect the farmers directly "as they use motors to fetch water from storages and tunnels for irrigation".
At Bardoli, he said, during the last general elections, the Congress had promised that if it came to power, the party would control inflation within hundred days. "But you (Congress) indulged in corruption and pushed the country into a ditch."
- Dazzle of '7.5% GDP growth' shouldn't blind us to reality
- The hope, faith PM Modi inspired in 2014 speeches is fading
- T20: Once scorned by purists, can now be a thing of real beauty
- Article 356: Federalism, democracy twin pillars which have to be honoured
- Inside Track: Amit Shah, an admirer of Indira Gandhi?
- Military alignments with US, without open debate, may foreclose India’s options