UPA identifies itself with multinationals: D. Raja
New Delhi: The UPA government has created "myths" of foreign investment in multi-brand retail being good for job creation as well as for farmers and consumers in order to push its economic agenda, Communist Party of India (CPI) leader D. Raja said Friday.
Speaking in the Rajya Sabha during the debate on allowing foreign direct investment (FDI) in retail, Raja said the United Progressive Alliance government "brazenly identifies itself with multinationals and then claims it is with the aam admi".
He said his party is "against the neo-liberal economic policies of the government".
Targeting Prime Minister Manmohan Singh, Raja said, "The prime minister says money does not grow on trees... this has made the government desperate to go for FDI."
The CPI leader said the government had "deliberately created three myths" to push for FDI in retail. "The government created the myths that it will boost employment, be beneficial to farmers and consumers."
He alleged that "Wal-Mart resorts to illegalities and corrupt practices" and employs very few people in comparison to mom and pop shops. He cited studies to say that FDI in retail leads to unemployment, and is harmful for the farming sector.
On consumers, he said: "Many people are earning less than Rs.20 (per day)... What consumers are they talking about?"
"The sense of the house is against FDI," he added.
More from India
More from World
More from Sports
More from Entertaiment
- CBI confirms Delhi health minister Satyendra Jain's indulgence in Hawala business
- Watch: CM Yogi Adityanath's first speech in UP Assembly house
- Should army take strict action against stone pelters of J&K?
- Etawah: UP cops caught drunk while on duty
- DNA: Reason behind electricity crisis in India despite being power surplus nation
- Left to die on road, pregnant Lucknow woman writes to PM Narendra Modi to end 'triple talaq', says 'I voted for BJP'
- The Kapil Sharma Show: No Sunday episode this weekend? Here’s why
- India vs Australia: Virat Kohli takes reconciliatory path, says his friendship comment was 'blown out of proportion'
- Sunil Grover joining AIB? Here’s the truth
- Reliance Jio closes in on 50 million paid users