The Confederation of All India Traders (CAIT) has said that it believes that there has been some sort of a deal between the government and the multinationals that has resulted in major variations compared to the statement on FDI in Retail, laid by Union Commerce Minister Anand Sharma on 25th November, 2011 at the floor of the Parliament and the Notification issued by the Government on 20th September,2012.
Praveen Khandelwal, Secretary General of the CAIT said that the government owes an explanation to the people of this country. The variations are major departures and sharply highlight how the government is acting against the interest of its people to favour the multinationals.
Taking it as a serious matter, the CAIT has today sent a communication to President of India Pranab Mukherjee to order for an independent probe in to the circumstances as to what happened between the ten months that forced the Government to make such major variations.
CAIT National President B. C. Bhartia and Secretary General Praveen Khandelwal in a joint statement said that in the policy announced in the Parliament, 30% procurement from small and medium industries was stated as mandatory, and the Minister had made repeated references to this in mass media to sell the policy.
"This is a huge variation and leaves the policy without any teeth, as it gives enormous room for non-conformity. How will any government keep track of this over five years and ensure this is done?" questioned Bhartia.
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