Comments on current economic, social, political and environmental issues
Friday, August 24, 2012
RBI bats for more FDI in retail, insurance and aviation
The Reserve Bank of India is echoing the stand of the government. There is absolutely no need to further improve foreign direct investment (FDI) inflows in sectors such as insurance, retail, and aviation. Even in the case of urban infrastructure, the country can afford to find resources, if proper efforts are made to realise real value of natural resources allocated. If corruption is plugged in the allotment of coal blocks, oil/gas blocks, spectrum, land, and other mineral resources, lakhs of crores of rupees can be realised. The amount so realised can be used for infrastructural development and welfare services. A book by this commentator entitled, “FDI in Multi-brand Retail Trade: A Retrograde Step,” is going to be published within the next fortnight by M/s RAC Publications, Chennai. It is the outcome of deep research. The study concludes by stating as follows: “ FDI in retail trade will not serve any purpose. It will do more harm than benefit the people."
Dr.C.Murukadas. Business Line,Posted on: Aug 23, 2012
The Reserve Bank of India is echoing the stand of the government. There is absolutely no need to further improve foreign direct investment (FDI) inflows in sectors such as insurance, retail, and aviation. Even in the case of urban infrastructure, the country can afford to find resources, if proper efforts are made to realise real value of natural resources allocated. If corruption is plugged in the allotment of coal blocks, oil/gas blocks, spectrum, land, and other mineral resources, lakhs of crores of rupees can be realised. The amount so realised can be used for infrastructural development and welfare services. A book by this commentator entitled, “FDI in Multi-brand Retail Trade: A Retrograde Step,” is going to be published within the next fortnight by M/s RAC Publications, Chennai. It is the outcome of deep research. The study concludes by stating as follows: “ FDI in retail trade will not serve any purpose. It will do more harm than benefit the people."