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FDI in Retail: Opposition Parties Line up Protests, Bharat Bandh on Sept 20.

The big-ticket political reforms by the government have motivated the opposition parties to line up a string of protests in the coming days.

The protests are intended to persuade the Centre to roll back all bold decisions of opening up markets for more Foreign Direct Investments (FDI), diesel price hike and capping the subsides on LPG cylinder prices.

The leaders of the Samajwadi Party, Communist Party of India (Marxist), Communist Party of India, Telugu Desam Party, Biju Janata Dal, Janata Dal (S), All India Forward Bloc and Revolutionary Socialist Party have announced to observe a nationwide protest on Sept 20.

The opposing parties in a statement said that the UPA government has dealt "cruel blows to the nation one after and another." The leaders also appealed to the people to rise in protest against these "anti-people" measures by the government.

The leaders have also called farmers, workers, women and youth, transporters, shopkeepers and traders' organisations and all sections of the people to join the protest against the latest economic reforms, in order to stave off these measures which will allegedly ruin people's livelihood.

The Sept 20 protests will also include hartals, pickettings, demonstrations and court arrest programmes.

Main opposition party BJP will announce a 'Bharat Bandh' on the same day.

The UPA government on Friday surprised everyone after rolling out a series of economic makeovers to stabilise the country's slowed-down economy and improve the deteriorating investment climate. The reforms include the permitting of big foreign players to own 51 percent stake in retail sector, FDI in about 49 percent in aviation and hike in diesel price by 5 per litre.
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Publication:International Business Times - US ed.
Date:Sep 16, 2012
Words:270
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