Parliament adjourned again on FDI
FDI row continues to upset Parliament proceedings, both houses Lok Sabha and Rajya Sabha postponed again. UPA does the math it is alert that losing an FDI vote in Parliament will not mean the fall of the government. BJP is an Opposition charge against the government’s decision. Here you will get the details about Parliament adjourned again on FDI.
The argument over Foreign Direct Investment (FDI) in the retail sector has frightened Parliament into confusion. The CM of Uttar Pradesh (UP), West Bengal, Tamil Nadu & Bihar has promised not to allow FDI in their states.
Foreign multi-brand retailers cannot fully replace kiranas, small stores, jobs and, crucially, are linked with revenue generation and economic development. Many countries Brazil, Thailand and Malaysia of FDI has resulted in a reduction of unemployment and increased revenue generation for the economies. Present provisions of the FDI policy allow state governments the margin to step in and provide the incentives and financial support to improve the competitiveness of the kirana stores.
FDI in India:
- Retailing is nothing but providing the right product at the right price at the right time to the customer.
- The kirana stores offer major advantages location, time of delivery, & personalized credit.
- Kirana Stores can provide personalized home delivery and extended credit based on years of mutual trust and interaction.
- Quality is important not an experience for retail stores
- Traditional kirana stores and bazaars have continued to succeed in big and small cities in India
- In India, the retail sector is currently the second largest employer after agriculture and
- Retail within India will improve employment opportunities for millions of Indians from the lower socio economic groups.
- Provide opportunities for part-time employment and full-time employment.
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Tags: fdi, fdi in india, India, jobs, kirana stores
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