Thursday 23 August 2012

Mamata Banerjee is contrary to international immediate financial commitment (FDI) in store, other sectors



INDIA: The Trinamool The legislature these days highly compared enabling FDI in key areas like store, insurance coverage and aircraft disagreeing that it would be dangerous for the individuals of the nation.
   
"We are not in give preference to of FDI in store and all this (insurance)... and retirement living areas. We are not in give preference to of FDI in aircraft also. Always we are in give preference to of common individuals," Trinamool The legislature primary  and Western Bengal Chief Reverend Mamata Banerjee informed correspondents after conference Finance Reverend P Chidambaram in New Delhi. "In our selection manifesto what we brought up, we will adhere to it ... Other nations all over world are also saying if they allow FDI in store market, then employees will die... So we are not (in favour)," Ms Banerjee said.
   
The govt has been failed in going forward with the key change expenses in Parliament mainly because of resistance from its key best friend, the Trinamool.

It has not been able to go forward with the execution of international immediate financial commitment (FDI) in multiple product store or increase international financial commitment cap in insurance coverage industry to 49 %  from 26 %.
 
The govt  is also looking at the passing of the Pension Finance Regulating and Growth Power Invoice, 2011, which  provides for private industry and international financial commitment in retirement living industry.

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