Business Standard

UPA identifies itself with multinationals: D. Raja

IANS  |  New Delhi 

Speaking in the Rajya Sabha during the debate on allowing foreign direct investment (FDI) in retail, Raja said the United Progressive Alliance government "brazenly identifies itself with multinationals and then claims it is with the aam admi".

He said his party is "against the neo-liberal economic policies of the government".

Targeting Prime Minister Manmohan Singh, Raja said: "The prime minister says money does not grow on trees... this has made the government desperate to go for FDI."

The CPI leader said the government had "deliberately created three myths" to push for FDI in retail. "The government created the myths that it will boost employment, be beneficial to farmers and consumers."

He alleged that "Wal-Mart resorts to illegalities and corrupt practices" and employs very few people in comparison to mom and pop shops. He cited studies to say that FDI in retail leads to unemployment, and is harmful for the farming sector.

On consumers, he said: "Many people are earning less than Rs.20 (per day)... What consumers are they talking about?"

"The sense of the house is against FDI," he added.

 

RECOMMENDED FOR YOU

UPA identifies itself with multinationals: D. Raja

The UPA government has created "myths" of foreign investment in multi-brand retail being good for job creation as well as for farmers and consumers in order to push its economic agenda, Communist Party of India (CPI) leader D.

Speaking in the Rajya Sabha during the debate on allowing foreign direct investment (FDI) in retail, Raja said the United Progressive Alliance government "brazenly identifies itself with multinationals and then claims it is with the aam admi".

He said his party is "against the neo-liberal economic policies of the government".

Targeting Prime Minister Manmohan Singh, Raja said: "The prime minister says money does not grow on trees... this has made the government desperate to go for FDI."

The CPI leader said the government had "deliberately created three myths" to push for FDI in retail. "The government created the myths that it will boost employment, be beneficial to farmers and consumers."

He alleged that "Wal-Mart resorts to illegalities and corrupt practices" and employs very few people in comparison to mom and pop shops. He cited studies to say that FDI in retail leads to unemployment, and is harmful for the farming sector.

On consumers, he said: "Many people are earning less than Rs.20 (per day)... What consumers are they talking about?"

"The sense of the house is against FDI," he added.

  image

Business Standard
177 22

UPA identifies itself with multinationals: D. Raja

Speaking in the Rajya Sabha during the debate on allowing foreign direct investment (FDI) in retail, Raja said the United Progressive Alliance government "brazenly identifies itself with multinationals and then claims it is with the aam admi".

He said his party is "against the neo-liberal economic policies of the government".

Targeting Prime Minister Manmohan Singh, Raja said: "The prime minister says money does not grow on trees... this has made the government desperate to go for FDI."

The CPI leader said the government had "deliberately created three myths" to push for FDI in retail. "The government created the myths that it will boost employment, be beneficial to farmers and consumers."

He alleged that "Wal-Mart resorts to illegalities and corrupt practices" and employs very few people in comparison to mom and pop shops. He cited studies to say that FDI in retail leads to unemployment, and is harmful for the farming sector.

On consumers, he said: "Many people are earning less than Rs.20 (per day)... What consumers are they talking about?"

"The sense of the house is against FDI," he added.

 

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard