TMC withdrawn support from anti-peoples and scam-star Congress leaded UPA-2 government, in a protest against Diesel price hike, 6 cylinder cap on LPG, & FDA in retail.. Although one section of media who are backed by foreign multinational is shouting in favor of FDI but remember it’s a danger to our economy & independence stature.. I am describing “Danger of FDI” part later on in this article, but first let me tell you Trinamool withdrawn support not only for FDI but also for Diesel price hike and withdrawing subsidy from LPG after 6 cylinder..
Remember these two steps are also directly hitting our middle class & poor peoples.. After hike in diesel price already inflation has started in all sector also transport fare will rise further.. Common man are suffered most by these decision.. TMC is the only party who is sacrificed for protesting against these anti-people step by Congress..
Our PM says “Money doesn't grow on trees”; but Mr.PM, Do you believe money grows on coal mines or at airport or in 2G or in commonwealth??
Actually money doesn't grows on trees but it grows on SCAMS & deposits at Swiss bank ac of corrupted politicians :-)
In my earlier post I described that these decisions are taken only with the direction of foreign multinational and foreign state heads.. Also this anti-people act by them is a tactics to divert attention from their Scams by which they are looting country…
An in-depth analysis of these things posted earlier in this blog. Link: http://mamatimanushofwb.blogspot.in/2012/09/trinamool-congress-quitting-upa-2.html
Mamta Banerjee is only leader who is fighting and sacrificing for common man. Says she is not scared anyone in fighting for common man…
She also says that “Congress Government betrayed with parliament & people of India as they back geared from their own commitment in parliament. She says “this action by a minority government questions its credibility. It also defies democratic tradition in the context of the assurance given in a statement by the former Finance Minister on 7/12/2011 in Lok Sabha to go in for consensus among all stake holders before taking a decision.
It is not understandable as to what has prompted the present minority government to take a hurried decision on such an important issue which touches the livelihood of millions of common people.”
Now in public some other parties are also protesting against these but they are not vocal as TMC and they are not withdrawing support from PA-2 as they (NCP, SP, BSP, RJD, DMK etc) have fear to cover-up scams like etc also they are greedy for power by any means.. Congress is blackmailing them in the name of CBI, those leaders knows they have done lots of crimes so CBI can easily catch hold of them..
Here are the details of Black money accounts of these parties’ leaders and Congress leaders which is the main reason for main reason why Congress is confident to continue full term.
Now I am describing “Dangers of FDI in India”:
The much-awaited go-ahead for FDI in multi-brand retail has raised fears not only of unemployment but of creation of monopolies in the food sector.
FDI enthusiasts say the entry of Wal-Mart and its ilk will ensure that the producer gets a better price, the consumer gets cheaper products (as the company purchases directly from the farmgate, there is no middleman) and jobs and infrastructure are created.
This rosy picture must be taken with a pinch of salt. To begin with, the FDI proposal was initiated long before food inflation became an issue, so clearly it has been pushed through because of considerations other than rising prices.
Nowhere in the world have the farmers who supply goods to big retail chains benefitted. It is difficult to understand how they would benefit, when players like Wal-Mart look for the cheapest possible suppliers. To sell cheap, they buy even cheaper.
The contention that FDI will create jobs is also open to question, as it is more likely to create large-scale unemployment. The unorganised retail trade in India accounts for over 40 million jobs and 98 per cent of the total trade. This includes pansaaris, kirana shops, hardware stores, convenience stores, weekly haats, paan and tobacco shops, as well as a whole range of teh-bazaari (pavement vendors). It is informal, with credit traditionally extended on trust and based on an intricate web of relationships.
The majority of consumers, who buy essentials from their neighborhood stores on credit and pay bills on a monthly basis, will also suffer with the disruption of the traditional system.
Hundreds of thousands of people who earn their livelihood from the 12 million existing retail outlets may be put out of business by Big Retail. Some may find employment with Big Retail although this is doubtful given their lack of language skills or education -- the minimum requirement for staff at any sizeable store is a command of English. Even if they did, there would not be enough jobs to go around.
Global retail giants are highly capital intensive and create fewer jobs. A single Wal-Mart store could put tens of thousands of mom and pop stores out of business -- as it did in the US -- while generating perhaps 3,000 jobs.
Traditional retail will struggle with the likes of Wal-Mart and lose, because Big Retail with its deep pockets, would resort to predatory pricing. Nor should we expect ethical practices from multinational players.
Drawbacks to allowing FDI in retail were pointed out by the Standing Committee of Parliament in June 2009. In the absence of a level playing field between Indian retail and the MNCs, it suggested comprehensive steps to strengthen the former before opening the gates to FDI. Otherwise, it said, the economy would suffer and widespread unemployment would lead to social unrest.
The third great myth about FDI in retail is that it will improve infrastructure by attracting investment in storage and transportation. Why Indian companies in the retail sector have not invested in the back-end along with the front-end is yet to be explained.
By allowing the entry of Big Retail, we run the risk of creating Western-style monopolies. In the US, a handful of companies control food, right from the seed to the shelf. This cannot work in our highly decentralised Indian context, characterised by a multi-tiered marketing system.
The other big fear is that FDI in multi-brand retail is just the thin end of the wedge. At the end of the day, Big Food wants to create its own captive supply base, which is more reliable than contract farming. The existing regulatory framework on agriculture does not permit corporate ownership of farmland.
While FDIs may increase the aggregate demand of the host economy in the short run, via productivity improvements and technological transfers, critics have also raised concerns over the efficacy of purported benefits of direct investments. This theory follows the rationale that the long-run balance of payment position of the host economy is jeopardized when the investor manages to recover its initial outlay. Once the initial investment starts to turn profitable, it is inevitable that capital returns from the host country to where it originated from, that is the home country.
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