Will FDI in retail helps to control inflation!

Today, the most vulnerable issue is on FDI. Even the prestigious Columbia University has taken a study on this and said that this will help contain inflation and transform the way perishable items in agricultural sector is acquired.

Although whether decision to be set up or not, but the government has decided to hold its decision on Foreign Direct Investment or FDI in retail till a pending consensus is reached .this has been informed to the Trinamool chief Mamata Banerjee, the West Bengal chief minister and a bitter critic of the policy on Monday.

All the Opposition parties and BJP are forcing the govt. to roll-back of the foreign direct investment (FDI) in retail, not “holdback” and say the decision would hurt millions of farmers and small traders of India by allowing super market like Wal-Mart and Tesco to enter in the country.

Manmohan Singh, the Prime minister of India, surrendered his decision but by dismissing the notion the Law Minister Salman Khurshid told opposing party, ‘Not at all,’ ‘not everything you want to do get done in the time frame you want it’.

However on yesterday, to convey the government’s decision, Finance Minister Pranab Mukherjee told the BJP’s Sushma Swaraj and the Left’s Sitaram Yechury, “FDI is in abeyance till consensus emerges among all affected parties.”

But they demanded that govt. should call all party meeting to make decision on FDI and meanwhile, the government has decided to call the meeting on Wednesday.

BJP slogan against FDI is accused by Congress spokesperson Renuka Chowdhary because one time in the 2004 when BJP party election was hole then it had promised to get foreign equity to boost Indian retailing.

So the question is that why they opposed Mr. Mamohan’s same decision as like their own.

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