SEARCH

FDI in retail will spell doom for small traders: CPI(M)

Special Correspondent
print   ·   T  T  

Remunerative MSP for farm produce sought

State secretariat member of the CPI(M) Maruti Manpade speaking at a rally in Gulbarga on Wednesday.— photo: Arun kulkarni
State secretariat member of the CPI(M) Maruti Manpade speaking at a rally in Gulbarga on Wednesday.— photo: Arun kulkarni

The Communist Party of India (Marxist) has said that allowing foreign direct investment (FDI) in retail will land small retailers in a crisis.

Speaking at a rally to seek support to oust the UPA government at the Centre and the Bharatiya Janata Party government in the State, here on Wednesday, State secretariat member of the CPI (M) Maruti Manpade said the country, which witnessed the suicide of more than 2 lakh farmers because of debt, would witness another round of suicides by small retailers who would be driven out of the market because of the decision on FDI.

Mr. Manpade said although the BJP government claimed to present an exclusive budget for agriculture in the State, the gap between agricultural income and per capita income was vast. While the per capita income of the State was Rs. 43,000, the agricultural income was only Rs. 15,000. This gap should be narrowed immediately by pursuing farmer-friendly policies, he said.

The low agricultural income in the State was because the government was not fixing remunerative minimum support price for farm produce, he added. The rally was part of the jatha taken out by the CPI (M) from Basavakalyan to Bangalore to create awareness among people about the “failures” of both the governments.

More In: KARNATAKA | NATIONAL

O
P
E
N

close

Recent Article in KARNATAKA

Mysore set to fall off air map again

SpiceJet withdrawing services to the city after Saturday »