Prime Minister Putting Cart Before Horse By Allowing FDI in Multi Retail

Congress Government had on Friday won the approval of Parliament to its controversial decision of allowing FDI in multi-brand retail with a motion against it being defeated convincingly in Rajya Sabha, as BSP voted in favour of UPA. The opposition had attacked the proposal to allow 51 per cent FDI in multi-brand retail, while the government had strongly justified it saying it was in the best interest of the country. FICCI President R V Kanoria said, "It is a welcome development. We fully support the government on the issue. The country needs to move forward. We need to send a strong signal to foreign investors," Common men are failed to understand why Indian industry welcomed the approval accorded by Lok Sabha to FDI in multi-brand retail, when due to competition they will have to shell their profit margin and at last they would be losers. There is well developed retail market in India and why government want to destroy it. She is more concerned about removal of middle main in retail business while she is strong in favour of corruption in their dealing may be in purchasing votes or giving tenders to their favorable. Government always forget that we are populous country and country can not give jobs to all and people have learnt to earn through selling bread, gol gappe, channe chhola, kari chawal etc to feed their children empty stomach. And what ever help in shape is distributed by government that all go in hands of government employees and contractors. Government himself accept that there are 85 crore people who live in shamble and can not meet both end. Manmohan Singh must explained to nation, for the last 20 years, the country is adopting his economics model and despite that the country economy is going to doomed and rupee has badly depreciated from 32 to 57 against dollar causing tremendous apathy to Indians due to costlier imports of pulses, crude oil, edible oil etc. What will happen to strength of rupee when after 3 years the foreign retailers will import 70% their saleable products causing tremendous pressure on rupee. The country needs to boast of export while Manmohan Singh is bringing reform to increase import resulting weakening of rupee further. We are definitely moving towards black, bleak, and black economy like Eurozone and USA Prime Minister Manmohan Singh economy model is just like putting cart before horse and will prove disastrous to nation in coming days as previously taken reforms taken has already bring Indian economy in disastrous mode. ____________________________________________________________________________________ "Democracy means- A government of the people, by the vote of the people, by the money of the people, and for the welfare of the people". Thanks