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CAIT termed FDI as the violation of "Economic Justice"

New Delhi, Mon, 19 Nov 2012 NI Wire

The nationwide campaign against FDI in Retail by the traders took a new turn today when the Confederation of All India Traders (CAIT) firmly stated that the policy of FDI in Retail is contradictory to the promise of "Economic Justice" enshrined in the Preamble of the Constitution.

CAIT National President B. C. Bhartia and Secretary General Praveen Khandelwal has said that the entry of global retailers in the Country will culminate into " un even level playing field" and crores and crores of people engaged in retail will be deprived of economic justice. If need be, the CAIT will not hesitate to take shelter of the Court to ensure economic justice.

Both have said that quite number of times, the Govt has argued, "alleged middlemen in the supply chain needs to be abolished". This statement of the Govt in itself sufficient to prove that large section of citizens of India will be deprived of economic justice, as Government has not spelled any policy for their rehabilitation.

Both Bhartia and Khandelwal said that so far the economic policies of the Govt have been made in the larger interest of few Corporates and the wealth has been accumulated in few hands widening the gap between " have's and have nots". The Govt has flayed the principle of Economic Justice.

They informed that on 21st and 22nd November Trade Leaders of different States will be assembling at New Delhi and will meet leaders of all political parties and will bring to their notice all such issues so that while in debate in Parliament, the issues may be made effectively.


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