Will scrap FDI in retail if elected in next polls: Joshi
- Mali hostage crisis ends as security forces gun down militants; 27 killed
- Sheena Bora case: Peter charged with murder, criminal conspiracy
- Nitish Kumar sworn in as Bihar Chief Minister; Lalu's sons in Cabinet
- UP keeps its distance from Bihar: Why Mulayam, Akhilesh didn't attend Nitish swearing-in
- Madras HC stays cancellation of Greenpeace India registration
Senior BJP leader Murli Manohar Joshi has said that the National Democratic Alliance will scrap FDI in retail if elected in the 2014 general election. He said that as per a Transparency International report, FDI failed in five countries in which it was introduced earlier and added that it was not going to benefit small traders and farmers.
He said that due to the opposition of BJP, FDI was not introduced in the insurance sector and rejected the Centre's argument that FDI would enhance sale of fruit and cereals by 40 per cent. "It would increase sale only by a thin margin of five to seven per cent," he said.
- Modi can leverage foreign policy to repair his domestic image
- Muslims biggest losers from our reservation policy, one that Bhagwat rightly wants reviewed
- If Pak state really cared for its people, it would put national economy above all else
- Despite little coverage in India, the Argentinian presidential election is significant
- Uday lacks a strong, accessible monitoring mechanism critical for its success
- What Mr Mani Shankar Aiyar won’t say