TMC Helps UPA on FDI! by Rajinder Puri SignUp
Boloji.com
Boloji
Home Kabir Poetry Blogs BoloKids Writers Contribute Search Contact Site Map Advertise RSS Login Register
Boloji
Channels

In Focus

Analysis
Cartoons
Education
Environment
Going Inner
Opinion
Photo Essays

Columns

A Bystander's Diary
Business
My Word
PlainSpeak
Random Thoughts

Our Heritage

Architecture
Astrology
Ayurveda
Buddhism
Cinema
Culture
Dances
Festivals
Hinduism
History
People
Places
Sikhism
Spirituality
Vastu
Vithika

Society & Lifestyle

Family Matters
Health
Parenting
Perspective
Recipes
Society
Teens
Women

Creative Writings

Book Reviews
Ghalib's Corner
Humor
Individuality
Literary Shelf
Love Letters
Memoirs
Musings
Quotes
Ramblings
Stories
Travelogues
Workshop

Computing

CC++
Computing Articles
Flash
Internet Security
Java
Linux
Networking
My Word Share This Page
TMC Helps UPA on FDI!
by Rajinder Puri Bookmark and Share
 

BJP spokesperson Mr. Prakash Jawadekar rubbished the government’s claim that Foreign Direct Investment (FDI) in retail cannot be introduced in states that do not want it. By asserting this the UPA was reinforcing arguments favouring federalism. The BJP pointed out that any foreign firm could successfully challenge the state’s decision in a court of law. The World Trade Organization treaty compelled its members to allow foreign companies all rights granted by national policy. The BJP therefore was not quite correct. If a state government disallowed domestic retail giants to operate within its state it could equally disallow foreign retail companies. Appreciating this perhaps led UP Chief Minister Mr. Akhilesh Singh Yadav to question the desirability of even domestic giants participating in retail trade. 

Now the Trinamul Congress (TMC) is reportedly moving one step forward. According to media reports the West Bengal Industries Minister Mr. Partha Chatterjee plans to table a resolution in the assembly opposing entry of both domestic capital and FDI in retail. If the motion is passed and leads to legislation, existing retail giants like Reliance, Big Bazar, Pantaloons and others would suffer along with Kolkata’s public.

More importantly, by isolating itself from all capital investment in retail the TMC would demonstrably enable other states to allow both domestic as well as FDI in retail. The principle of parity for domestic and foreign capital would have been highlighted. 

Mr. Chattterjee’s move may therefore impede the UPA reform process in West Bengal but promote it in other states. In that event if the policy is implemented before the election the public would be in a position to judge the merits of FDI in retail by comparing the conditions prevalent in different states.

Will that help or harm the prospects of the UPA government?
One wonders if TMC leaders have done their homework.   
 

28-Sep-2012
More by :  Rajinder Puri
 
Views: 583
 
Top | My Word







    A Bystander's Diary     Analysis     Architecture     Astrology     Ayurveda     Book Reviews
    Buddhism     Business     Cartoons     CC++     Cinema     Computing Articles
    Culture     Dances     Education     Environment     Family Matters     Festivals
    Flash     Ghalib's Corner     Going Inner     Health     Hinduism     History
    Humor     Individuality     Internet Security     Java     Linux     Literary Shelf
    Love Letters     Memoirs     Musings     My Word     Networking     Opinion
    Parenting     People     Perspective     Photo Essays     Places     PlainSpeak
    Quotes     Ramblings     Random Thoughts     Recipes     Sikhism     Society
    Spirituality     Stories     Teens     Travelogues     Vastu     Vithika
    Women     Workshop
RSS Feed RSS Feed Home | Privacy Policy | Disclaimer | Site Map
No part of this Internet site may be reproduced without prior written permission of the copyright holder.
Developed and Programmed by ekant solutions