The city unit of the CPI(M) staged a protest against the Central government’s decision to allow Foreign Direct Investment in the retail sector here on Saturday.
Party city secretary Ch. Babu Rao said the government was opening up every sector to Multi National Companies (MNCs).
The government’s decision to allow 51 per cent in retail sector and 100 per cent in single brand would throw open the doors for imperialists.
FDI in retail sector would be a bolt from the blue to petty traders. The government was kowtowing before the MNCs. The decision to allow FDI in aviation would be threat to the security of the nation, he said.
CPI(M) city secretariat members Donepudi Kasinath and Madala Venkateswara Rao, and former corporator Korada Ramu were present.
Telugu Mahila, the women’s wing of the Telugu Desam Party, staged a protest against the increase in diesel price and cap on supply of subsidised LPG to six in a year. The activists, led by Telugu Mahila Urban president Mukkanti Narayanamma, staged a dharna in front of the Sub Collector’s office demanding immediate roll back of the “infamous decisions.”
Telugu Mahila Urban general secretary Kamella Devamani and Urban vice-president Eedi Parvathi were present.
