NCCI against FDI in retail sector

November 30, 2011 by  
Filed under Church, Government, India, National, newsletter-india

NCCI against FDI in retail sectorMeghalaya, November 29, 2011: The National Council of Churches in India (NCCI) has expressed its reservation over the government’s decision to allow 51 percent foreign direct investment (FDI) in retail.

It has asked the government to provide a level-playing field for small, marginal and landless farmers as also local entrepreneurs.

“What is needed of the government is to augment the livelihood of small and marginal farmers through incentives, opening marketing avenues for their produces,” said P. B. M. Basaiawmoit, NCCI vice president.

“The government should provide road transport and communication infrastructure and stablise oil cost,” he added.

Basaiawmoit said that as farmers in Meghalaya and other hill states are totally dependent on road transport, a constant rise of oil prices will be a disincentive along with reduction in subsidies annually.

Terming the decision of the union cabinet as a “hasty decision”, he said “it will not solve inflation or food scarcity in the country.”

Such unilateral decisions on a matter of livelihood for producers and farming community are like giving a prescription without knowing the root of the illness, he said.

The government’s decision led to protest by the opposition and Trinamool Congress in the Parliament.

– msn.com

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