Saturday, September 29, 2012

Reform that matter

''In India, the term “reform” is often used in a loose sense to justify the illogical and anti-people measures initiated by the government. The classical example is the central government’s recent decision to allow FDI in retail trade. It is an open secret that recent decision to allow FDI in retail trade was taken under at best administrative measures by the government. The central government took the ill-advised decision to allow 51 percent FDI in multi-brand retail trade, much against the sentiments and wishes of almost the entire spectrum of political parties, the entire trading community, and, of course, the vast majority of the people of the country. The government claims that claims that FDI in multi-brand retail will bring modern technology to the country, improve rural infrastructure, reduce wastage of agricultural produce and enable the farmers to get better prices for their crops, besides generating employment and bring down prices. That is, what the government is trying to pose that FDI in multi-brand retail is an essential reform to boost the growth rate of the economy. It is nothing but a fallacious propaganda, which is not supported by facts The general perception is that government has resorted to the recent measures with a view to divert attention from various scams, sandals and frauds and other such shadow activates perpetuated during the past few years. the ill-advised decision to allow 51 percent FDI in multi-brand retail trade, much against the sentiments and wishes of almost the entire spectrum of political parties, the entire trading community, and, of course, the vast majority of the people of the country. The government claims that FDI in multi-brand retail will bring modern technology to the country, improve rural infrastructure, reduce wastage of agricultural produce and enable the farmers to get better prices for their crops, besides generating employment and bring down prices. That is, what the government is trying to pose that FDI in multi-brand retail is an essential reform to boost the growth rate of the economy. It is nothing but a deceptive propaganda, which is not supported by facts ..'' Dr.C.Murukadas, The Times of India, September 29, 2012

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