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12 years ago
In latest move, central government has introduced FDI (Foreign direct investment) in retail and Airlines. according to government, the move will benefit farmers and consumers. But opposition is deadly against this. Trinmool congress has threatened to withdraw support to center, Thus, there are stormy days ahead.
What do you think. Is FDI in retail desirable?
http://www.ndtv.com/article/india/reform-friday-pm-introduces-bold-new-policies-for-aviation-retail-267576
I personally am all for it since there is bound to be accountability now given the past history of East India Company ! It may be a good idea because our own national carriers retail manufacturers might become more professional and competitive since they have to come upto the International standard ..
That may raise the standards but you know it better that England is one of the richest countries because we are the main contributors. They owe it all to us. :laugh: :laugh:
12 years ago
In latest move, central government has introduced FDI (Foreign direct investment) in retail and Airlines. according to government, the move will benefit farmers and consumers. But opposition is deadly against this. Trinmool congress has threatened to withdraw support to center, Thus, there are stormy days ahead.
What do you think. Is FDI in retail desirable?
http://www.ndtv.com/article/india/reform-friday-pm-introduces-bold-new-policies-for-aviation-retail-267576
I personally am all for it since there is bound to be accountability now given the past history of East India Company ! It may be a good idea because our own national carriers retail manufacturers might become more professional and competitive since they have to come upto the International standard ..
That may raise the standards but you know it better that England is one of the richest countries because we are the main contributors. They owe it all to us. :laugh: :laugh:
That was history and we let it happen for which we have to take most of the blame .... but as of now their economy is still in a state of recession and I am sure they will be glad to come to India , that should help both of us ...
Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!
12 years ago
In latest move, central government has introduced FDI (Foreign direct investment) in retail and Airlines. according to government, the move will benefit farmers and consumers. But opposition is deadly against this. Trinmool congress has threatened to withdraw support to center, Thus, there are stormy days ahead.
What do you think. Is FDI in retail desirable?
http://www.ndtv.com/article/india/reform-friday-pm-introduces-bold-new-policies-for-aviation-retail-267576
I personally am all for it since there is bound to be accountability now given the past history of East India Company ! It may be a good idea because our own national carriers retail manufacturers might become more professional and competitive since they have to come upto the International standard ..
That may raise the standards but you know it better that England is one of the richest countries because we are the main contributors. They owe it all to us. :laugh: :laugh:
That was history and we let it happen for which we have to take most of the blame .... but as of now their economy is still in a state of recession and I am sure they will be glad to come to India , that should help both of us ...
To be frank our present day system gives them more opportunities to exploit even more than British period. The multinationals know all the tricks of the trade to sell aerated water far costlier than milk and unnecessary items for fat higher prices.
12 years ago
In latest move, central government has introduced FDI (Foreign direct investment) in retail and Airlines. according to government, the move will benefit farmers and consumers. But opposition is deadly against this. Trinmool congress has threatened to withdraw support to center, Thus, there are stormy days ahead.
What do you think. Is FDI in retail desirable?
http://www.ndtv.com/article/india/reform-friday-pm-introduces-bold-new-policies-for-aviation-retail-267576
I personally am all for it since there is bound to be accountability now given the past history of East India Company ! It may be a good idea because our own national carriers retail manufacturers might become more professional and competitive since they have to come upto the International standard ..
That may raise the standards but you know it better that England is one of the richest countries because we are the main contributors. They owe it all to us. :laugh: :laugh:
That was history and we let it happen for which we have to take most of the blame .... but as of now their economy is still in a state of recession and I am sure they will be glad to come to India , that should help both of us ...
To be frank our present day system gives them more opportunities to exploit even more than British period. The multinationals know all the tricks of the trade to sell aerated water far costlier than milk and unnecessary items for fat higher prices.
You think so? I am sure a few of our patriotic politicians too might actively participate as partners with them. However, I feel that they may not open up completely since as of now it is only 49% being offered to them and the majority will be held by Indians , the same oes for Walmart which has come in partnership ...
Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!
12 years ago
It will bring the consumer relief but Govt. should think about the small shopkeeper of the local area.What will they do?Many will become jobless.
Sharmistha Banerjee
12 years ago
It will bring the consumer relief but Govt. should think about the small shopkeeper of the local area.What will they do?Many will become jobless.
This is a matter of concern. But we have seen that most people do not go to malls and instead favor the street retailers. The foreign outlets will not open retail shops in every street and corner. The traditional retailer next door can simply not be uprooted.
G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/
12 years ago
although the major political parties in West Bengal including ruling Trinmool and opposition Left Front oppose FDI in retail, there is divided public opinion among farmers, traders and consumers.
http://ibnlive.in.com/news/kolkata-traders-farmers-divided-over-fdi/296695-3.html
http://ibnlive.in.com/news/kolkata-traders-farmers-divided-over-fdi/296695-3.html
G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/
12 years ago
It will bring the consumer relief but Govt. should think about the small shopkeeper of the local area.What will they do?Many will become jobless.
This is a matter of concern. But we have seen that most people do not go to malls and instead favor the street retailers. The foreign outlets will not open retail shops in every street and corner. The traditional retailer next door can simply not be uprooted.
I too feel the same, that local produce and shops can never be uprooted because people are used to them .Stuff like vegetables grown locally which are available at a lesser cost than what is available at food stores has its own market , similarly other things that are locally made.I also feel that even though the markets are going to open up to foreign investments it would be monitored and certain checks and balances put in place...
Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!
Thank you said by: Gulshan Kumar Ajmani
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