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CPI-M blasts 100 percent FDI in e-commerce retail
Language : hindi
Business . Difficult
30-03-2016 09:22:22 .
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 The CPI on Wednesday dubbed the government move to allow 100 percent FDI in commerce retail "an outright surrender to the big foreign commerce retail firms" and demanded its scrapping. 
 
"This is clearly announced to appease foreign capital on the eve of (Prime Minister Narendra) Modi's US visit, the Communist Party of India Marxist said in statement.  
"It is also surrender to the pressures of the EU (European Union) keeping in mind the ongoing Free Trade Agreement talks with EU and the prime minister's visit to Brussels. 
  
The CPI said the Bharatiya Janata Party (BJP) had been vocal against the FDI in retail trade when it was in the opposition.   
"Now it has done somersault. Allowing of FDI in commerce will facilitate the backdoor entry of FDI in retail. This will affect the livelihood of lakhs of small retailers in the country. 
  
The CPI demanded that "this harmful policy be immediately rescinded". 
  
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