To protest against the decision of the Union Government to allow FDI in Retail, the Confederation of All India Traders (CAIT) and Bharat Udyog Vyapar Mandal have called for a bharat Bandh on 20thSeptember, 2012 in which about 5 crore traders and more than 10 thousand trade associations across the Country will participate. All commercial activities across the Country will remain standstill on the day. The National Hawkers Federation and other organisations have supported the Bandh call.
Praveen Khandelwal, Secretary General of CAIT and Shyam Behari Mishra, President of Bharat Udyog Vyapar Mandal jointly announce and regretted that on such an important issue concerning the national economy, the government did not consult the traders and other stakeholders of the retail trade whereas in the last session of the Parliament the then Finance Minister Pranab Mukherjee categorically assured on the floor of the house that FDI in Retail will be implemented only after attaining unanimity.
The government has not taken any cognisance of his solemn assurance. It is highly deplorable that not only the opposition parties but even the allies of the UPA remain vocal against FDI in Retail Trade which has been overlooked by the Government. They further said that even the unanimous recommendations of the Parliamentary Standing Committee were brushed aside.
The Trade Leaders said that the decision of the Government will adversely impact the national economy and retail trade of India. Not only the traders but even the farmers, labourers, hawkers, transporters and other sectors of the retail trade will be hit hard which will culminate into mass unemployment and steep inflation. It will provide ample opportunities to the MNC's to control and dominate the retail trade.
The Trade Leaders said that trading community of the Country will oppose this decision tooth and nail across the Country. To finalise the future course of action, the CAIT has called an emergent meeting of its National Council on 21st September at Vrindavan. They categorically said that in order to protect our interest, if traders have to convert themselves into a Vote Bank, they will not leg behind.
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