Tag Archives: FDI

FDI – In hands of two-faced Politicians of India

8 Dec

Finally the drama of FDI in multi-brand retail came to an end with government of India winning votes in both the houses of parliament in the support for allowing FDI in multi-brand retail in India. The good things that came out of this episode were the true faces of our netas/ministers who are the so called leaders of our country responsible for paving the best path for modern India.

In Lok Sabha speakers from 14 out of 18 political parties spoke strongly against the FDI which included Bahujan Samaj Party(BSP) and Samajwadi Party(SP) speaking against the government, but when it came down to voting BSP and SP walked out of the parliament making their vote not accountable and thus helping the Government win. Truly for these ministers their speech means nothing when it comes down to real action. Mulayam Singh Yadav the leader of Samajwadi Party did a compelling speech and strongly criticized the FDI coming in Indian retail market. BSP representative Dara Singh Chauhan warned that “people are anxious over the impact this policy can have on their lives. They fear the multi-national companies will take away their livelihoods. The government should not rush with it.” One thing that clearly comes out is that these netas/ministers keep their personal motives and benefits above the interest of our country and whatever they say it simply means nothing and is of zero value.

In Rajya Sabha BSP leader Mayawati gave full support to government’s proposed policy for FDI, God only knows why she took a ‘U’ turn when only two days ago her representative had spoken against it. Samajwadi Party like in Lok Sabha walked out moments before the voting started and thus helped the government to again come out victorious in Rajya Sabha on the issue of FDI.

The UPA Government seems to be very excited about FDI in retail, but the question still remains the same is it going to help we citizens in any way? Sibal says the new stores will probably open only in 18 cities of India and on the other hand contradicts that it will create new jobs and help farmers our country. How can opening new shopping malls in just 18 cities benefit Indian farmers and create jobs, if it is really for India then why only 18 cities why not all across country. Sibal said the foreign company would be forced to invest 50 million dollars during first three years of their tenure in infrastructure and back office operations. Are our ministers and bureaucrats honest enough to track the 50 million in the interest of our country? We all know how this 50 million will generate new ways for corruption in India.

Well we think that there is no point in debating this now as the decision is already taken to get FDI in retail markets in India. Finally like ever again the voice of Indians have gone to the deaf ears of our greedy politicians and law makers of our country who for their personal motives and aspirations force unwanted things to the throat of innocent citizens of India.

To lighten up things here are some funny FDI cartoons floating out in the internet world:
FDI Cartoons- Manmohan to RetailersFDI Cartoons- Manmohan Sonia beating aam aadmiFDI Cartoons- Mulayam Mayawati blindly supporting CongressFDI Cartoons- Manmohan sacrificing interests of common manFDI Cartoons- Manmohan to MiddlemanFDI Cartoons- Common people experienceFDI Cartoons- Old movement Vs New movementFDI Cartoons- Manmohan reacting to Indian tradersFDI Cartoons- Wlmarts Indian business modelFDI Cartoons- Gandhiji on FDI CartoonsFDI Cartoons- Manmohan inviting citizens in a foreign mallFDI Cartoons- Congress party on FDIFDI Cartoons- Manmohan and common manFDI Cartoons- Obama with Manmohan on FDIFDI Cartoons- Mulayam Mayawati carrying Manmohan acrossFDI Cartoons- Manmohan Sonia to common manFDI Cartoons- Sonia Gandhi reason for FDIFDI Cartoons- DMK support for FDIFDI Cartoons- Good reason against FDIFDI Cartoons- Manmohans reason for FDIFDI Cartoons- Walmarts business plan in India

Is FDI decision in favor of India?

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Are we ready for FDI?

3 Dec

FDI in India, will it help?Who cares if we are ready for FDI or not? Government wants it badly because they care for us, doesn’t it sound like a joke of the century “Indian Government caring for Indian Citizens”. Those who support FDI claim that we will benefit economically; increased job opportunities, higher standards of living and better infra-structure are some of the positive that flows from FDI. To back their claim they cite the example of economies such as China, South Korea, Singapore and the Philippines that benefited from FDI in to their economy.

The real question is why are we seeking FDI? Our great Prime Minister Manmohan Singh describes it as the best solution for bridging India’s current account deficit. A solution for fighting inflation, driving development and creating employment opportunities. Looks like the government cites Gross Domestic Product (GDP)/Gross National Product (GNP) as the only way to move our country forward.  Planning Commission Deputy Chairman Montek Singh Ahluwalia on Dec 1, 2012 said “India needs high GDP growth to reduce poverty at faster pace”. Ahluwalia himself spent Rs. 35 lacs just to renovate two blocks of toilets and said an individual above a monthly consumption of Rs. 859.6 in urban and Rs. 672.8 in rural areas is not considered poor. Is he even eligible to talk about what it takes to bring down poverty in India?

In 2011 World Bank stated 32.7% of the total Indian people fall below the international poverty line of $ 1.25 per day while 68.7% live on less than $2 per day. With this kind of statistics probably 70% of Indians really don’t care FDI bill about which out ministers have already created much drama on streets and in the parliament. Surely economy of India is under strain, but FDI will only help 5-6% of Indian population while others will surely remain unaffected.

Manmohan Singh cartoon on FDIThe great economists such as Mahbub ul Haq and Amartya Sen have stated that development is not just growth of GDP/GNP. How developed India is in terms of education, nutrition, female education, health etc? Doesn’t our great prime minister know that India ranks 65th out of 79 countries on the Global Hunger Index. Don’t we have other bigger issues than FDI to be tackled first? Here are our few reasons for a big NO to the FDI:

1. With corruption on all-time high and greedy Netas/Ministers all around the corner do we have regulatory regime to control the game of foreign investors? It’s a well-known fact that Multi-National Companies bribe politicians for running their way of business. Do we have single Neta/Minister in our country who can deny the bribe paid in dollars?

2. While workers in India will be paid peanuts the big profit and handsome salary will go outside India. Maruti Suzuki’s Manesar plant is the perfect example of this scenario.

3. MNCs have a tendency to capture the market completely and make us their slaves, what happens to the Indian entrepreneurs?

4. Government says Farmer will be paid more; farmer by the end of the day is also a consumer who again will be charged more for consumption.

India has already allowed FDI in so many other streams such as IT, infrastructure, manufacturing, telecom etc.? Why it is now required in retail is just beyond imagination? Is it just because Obama has said sentiments of Foreign Investors are negative towards India or because our great Prime Minister is being called under-achiever by foreign magazines. Whatever may be the reason the so-called leaders of our country must think whether FDI is for India or India is for FDI.

Important websites: Indian Government’s website on Industrial Policy and Promotion, Indian Governments website on Invest in India

Is India ready for FDI?

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