Home  |  Advertise  |  Contact Us
5:27 pm - Friday December 19, 2014

FDI in retail will severely affect farmers, traders: Jaitley

Agencies, New Delhi: Leader of the Opposition in the Rajya Sabha Arun Jaitley today said foreign direct investment (FDI) in multi-brand retail sector will severely affect crores of farmers and small traders of the country.

“Four crore people are directly employed under retail trade and about 18-20 crore people are dependent on retail trade sector for their livelihood. FDI in retail will badly affect this section,” Mr Jaitley said while initiating the debate on a motion moved against the Congress-led UPA’s decision allowing 51 per cent FDI in multi-brand retail. The motion “that this House disapproves the decision of the government to allow FDI in multi-brand retail sector” was moved by AIADMK’s V Maitreyan and others under Rule 168 which entails voting. Mr Jaitley said FDI in multi-brand retail will also affect 51 per cent population of the country which were self-employed.

Posted in: Nation

You might like:

Hilary Duff shows off her toned legs in yoga tights Hilary Duff shows off her toned legs in yoga tights
Financial Unity Financial Unity
Hazlewood takes five as Australia fight back Hazlewood takes five as Australia fight back
‘Apart from being educated, children should also become cultured and sensitive citizens’ ‘Apart from being educated, children should also become cultured and sensitive citizens’