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UPA govt creating myths on FDI in reatil: CPI

Posted on Dec 07, 03:20PM | UNI

Opposing the government decision allowing 51 per cent foreign direct invesment (FDI) in multi-brand retail, CPI leader D Raja today alleged that the UPA government has been creating myths over benefits of FDI.

Resuming the debate in the Rajya Sabha, Mr Raja said, ''Three myths have been created by the UPA on FDI in retail. The government is saying that FDI will create jobs, will provide benefit to farmers and traders and consumers.'' The motion ''that this House disapproves the decision of the government to allow FDI in multi-brand retail sector'' was moved yesterday by AIADMK's V Maitreyan.

Mr Raja said his party disapproves the FDI in retail as it will affect crores of people engaged in the sector.

He said the UPA supporters -- the SP, the BSP and the DMK -- have also opposed the decision and the government should go by 'sense of the House' and take back the decision.

BJP member Shanta Kumar alleged that the UPA government was not taking interest in attracting FDI in tourism, infrastructure and other sectors.

''FDI in pharma sector has been failed. The government has taken FDI in retail decision under some influence,'' he added.

Supporting the motion, JD(U)'s Shivanand Tiwari said the Centre has been taking 'wrong' economic policies which will affect the coming generations.

He also slammed the economic advisors of the UPA government.