Traders flay FDI in retail

[email protected] (DHNS, Photos by Suresh Vamanjoor)
November 23, 2012

Mangalore, November 23: It is a myth that FDI in retail will ensure higher income to farmers and help reduce poverty in India, said Old Bunder Wholesale Kirana and Allied Merchants Association President G G Mohandas Prabhu.

Speaking at a protest meet, "Say No to FDI" organised by the Association at KCCI in Mangalore on Thursday, he pointed out that the association is distressed by the decision of Government of India to allow 51 per cent Foreign Direct Investment (FDI) in Multibrand Retail Trade. The Indian Government should reconsider this decision in the interest of Indian Consumers, Indian Farmers and the Indian Traders who make a living by the retail trade, he said.

A report from a Global Trade Union has warned that FDI in Multibrand Retail would lead to large scale displacement of Indian Workers in retail, logistics, agriculture and manufacturing sectors. The National Sample Survey Organisation of India (NSSO) has determined that 44 Million people are directly involved in retail trade.

"The association is very apprehensive about the capacity of the small retail traders to withstand the onslaught of MNCs. The government of India is keen on inflow of capital into backed infrastructure by these MNCs," he said.

Another study shows that for every dollar paid by the US consumers for food products, the share of farmers has come down from 41 cents in the 1950s to 18.5 Cents in 2006.

The Food and Agricultural Organisation (FAO) has estimated a 36 per cent loss of fruits and vegetables in USA, Canada, Australia and New Zealand where big retail is most developed, he said.

FDI is the result of liberalisation policies. The country has not received major capital investment despite liberalisation policy was introduced in 1991-92.

The total capital investment the country received in 2011-12 is 47 billion dollars.

However, the money sent by Indians residing abroad to the country is 66 billion dollars, he informed.

Hale Bunder Shramikara Sangha Secretary Vasanth Achary said that Government claiming to give jobs with the introduction of FDI is meaningless.

More than 20 crore people are involved in retail trade. Establishment of one Walmart will affect 1,200 retail shops. Only 240 people may be employed in these companies. However, 4000 people will lose their jobs, he said.

The allies of UPA government have themselves criticised the decision of the government. The Congress government which rules Kerala state have themselves protested against the Central decision.

"Mexico's retail trade has been completely destroyed after FDI in Multibrand retail trade. India should not do such mistake and should protest against this in time," he stressed.

The Association took out a protest march and stopped their business till 12 noon. A memorandum was sent to Prime Minister Manmohan Singh asking him to reconsider the decision.

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News Network
September 20,2024

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New Delhi: The Supreme Court today sought a report from the Karnataka High Court over controversial remarks made by Justice Vedavyasachar Srishananda during a recent court hearing.

Justice Srishananda, while addressing a landlord-tenant dispute, referred to a Muslim-majority area in Bengaluru as "Pakistan" and made a misogynistic comment involving a woman lawyer. 

A five-judge bench led by Chief Justice of India DY Chandrachud, along with Justices S Khanna, B R Gavai, S Kant, and H Roy, expressed the need for establishing clear guidelines for constitutional court judges regarding their remarks in court. 

The Supreme Court bench said that when social media plays an active role in monitoring and amplifying courtroom proceedings, there is an urgency to ensure judicial commentary aligns with the decorum expected from courts of law.

"Our attention has been drawn to some comments made by Karnataka High Court judge Justice V Srishananda during the conduct of judicial proceedings. We have asked the AG and SG to assist us. We ask the registrar general of the High Court to submit a report to this court after seeking administrative directions from the Chief Justice of Karnataka High Court. This exercise may be carried out in 2 weeks," the top court directed.

Videos of Justice Srishanananda have gone viral on social media.

In one video, he refers to a Muslim-dominated locality in Bengaluru as "Pakistan" and on another video he was seen making objectionable comments against a woman lawyer. In the second incident, Justice Srishanananda can be heard telling the woman lawyer that she seemed to know a lot about the "opposition party", so much so that she might be able to reveal the colour of their undergarments.

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News Network
September 20,2024

Starting in the 2025-26 academic year, private universities in Karnataka offering professional courses will no longer conduct separate entrance exams. This decision follows a directive from the state’s Higher Education Department, prompting private universities to form an association and agree to this significant change.

In a recent meeting with Higher Education Minister Dr. M. C. Sudhakar, representatives from 17 private universities confirmed their decision to discontinue individual entrance tests. Of the 27 private universities in the state, 17 offer professional courses, and they have collectively agreed to accept scores from existing national or state-level entrance exams.

“Some universities will consider JEE scores, others will rely on KCET, and a few are inclined towards COMEDK,” Dr. Sudhakar stated, leaving the choice of examination to the universities themselves. However, the department has also suggested that the universities consider a unified entrance test for admissions.

Looking ahead, Dr. Sudhakar hinted that the government may introduce a common entrance test for general degree courses at private universities as well. "As government colleges and universities currently don’t require entrance exams for general degree courses, we haven’t made any decisions on this yet," he explained.

The meeting also addressed concerns over the high fees charged by private universities. To regulate this, the universities were instructed to establish fee fixation committees, headed by retired judges, as required by law. These committees will be responsible for determining tuition fees. Additionally, the government will continue to regulate fees for 40% of seats in professional courses that are filled through KCET.

In an effort to bring greater uniformity among private institutions, the government is considering enacting a common law for all private universities, which would replace the individual acts currently governing each university. This would place all private universities under a single regulatory framework.

This move is expected to streamline the admissions process and create a more standardized system for both professional and general degree programs across Karnataka's private universities.

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News Network
September 24,2024

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Mangaluru, Sept 24: A blanket of gloom descended over Dakshina Kannada and Udupi as heavy rains battered the coastal Karnataka districts on Tuesday. Substantial rainfall has been drenching the region since Monday, intensifying as the day progressed.

In Dakshina Kannada, torrential downpours began early Tuesday, followed by overcast skies and humid conditions. 

The showers persisted intermittently through the afternoon, with areas like Beltangady experiencing moderate rainfall, while Puttur and Bellare bore the brunt of heavier storms. 

Overnight showers were reported in Bantwal, and Mangaluru city, along with its surrounding rural areas, witnessed a steady increase in rainfall, peaking by the evening.

After a brief respite, the return of intense rainfall has brought a welcome drop in temperatures. In Udupi, Karkala, Udupi city, Kundapur, and Hebri taluks all faced substantial rains throughout the day, continuing from late Sunday night.

The Indian Meteorological Department (IMD) has issued a red alert for the coastal districts, predicting more heavy rainfall in the coming hours. 

A yellow alert has been placed for Wednesday, signaling the likelihood of additional downpours. Fishermen have been cautioned to remain vigilant, as the possibility of strong winds looms over the coastal waters.

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