Saturday, November 26, 2011

[ZESTCaste] FDI in retail: Mayawati slams Centre, says move to benefit 'Rahul's foreign friends'

FDI in retail: Mayawati slams Centre, says move to benefit 'Rahul's
foreign friends'

NDTV Correspondent, Updated: November 26, 2011 13:30 IST

Lucknow: The opposition to the government's decision to raise the cap
of Foreign Direct Investment (FDI) in the retail sector found another
voice as Uttar Pradesh Chief Minister Mayawati today slammed the move,
dubbing it as "dangerous" for small traders.

In a stinging criticism of the Centre's latest reform plan, Ms
Mayawati, who is also the chief of the Bahujan Samaj Party (BSP), said
that the FDI plan was a move to benefit foreign companies like
Walmart. The Cabinet's nod to allow 51% FDI in the multi-brand retail
segment will facilitate giants like Walmart, Carrefour and Tesco to
set shop in the country. Previously, such retailers were not allowed
to conduct retail business in the country.

Taking her attack on the Centre a step further, the Chief Minister
said that FDI in retail would help Congress General Secretary Rahul
Gandhi's foreign friends. The salvo at the young Congress leader comes
in the wake of a series of attacks by Mr Gandhi on the Mayawati-led
government, accusing her of corruption and underdevelopment in the

Accusing the government of moving on the FDI front despite opposition
from its allies, Ms Mayawati warned of strong steps if the decision
wasn't withdraw.

The BSP chief's criticism comes in the wake of pressure from allies as
well as the Opposition for a rollback of the decision. There was, in
fact, a major ruckus in Parliament yesterday over the issue with the
Bharatiya Janata Party (BJP) even mulling over an adjournment motion
in the Lok Sabha on the issue on Monday.

But the government seems unfazed by the opposition, contending instead
that FDI in multi-brand retail will not only help farmers but will
also create jobs. (Read)

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