Friends current affairs in UP is related with the FDI in retail sectors. Do you think FDI is good for farmers or it is just an anti-farmer activites? Here is the link :-
http://www.thehindu.com/news/national/article2720388.ece
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FDI in retail sector will help the farmers. They will be able to sell to the foreign retail outlets direct without middlemen. Their produce will also not go waste. The consumers may also be benefited. But the middlemen will be at at loss. also the existing retailers will find competition tough and may be adversely affected. However, as the foreign retail shops will be only in very big cities, most retailers in country will not be affected. also, they will not be eliminated even where the foreign retail shops are opened. They will only face some competition. On the whole, FDI is likely to benefit people at large.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/
Thank you gulshan ji i dont know upto now about this fdi now i had known about this. ;)
F.D.I. means just foreign direct investment. This is in many sectors. The BJP also favored when they were in power. But now in opposition, they are against this. It appears that all favor FDI but the dispute is on percentage.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/
BSP is protesting against the FDI intervention in UP. They call it "anti farmer" movement. Accoring to BSP, FDI will deter farmers right and make them poorer.
According to me FDI is for the development of India. This will make our economy stronger. This should withstand in UP.
I would cite a simple example in the early days of TV - we have had several famous Indian brands with a vast pool of local TV mechanics who used to eke out a living repairing these sets. Now do you see them now? These multinationals are so dangerous and crafty that initially they follow a strategy of driving out if not gobbling up the local competitors by offering baits and in the mean time consumers too are treated beneficially with exchange offers and like that before they place themselves in an absolute position to dictate terms. Today in the TV we have very few local brands. I apprehend the same thing is going to happen to roadside garages one day!
