FDI in retail: Film would be successful only if it has suspense, says Karunanidhi on not committing support

November 14, 2012

nidi

 

Chennai, November 14: Continuing the suspense over its stand on any Opposition-sponsored resolution in Parliament against FDI in retail, crucial UPA ally DMK on Wednesday said its decision would be taken keeping in mind the interest of small and medium traders.

 

"Small and medium retail traders in Tamil Nadu are apprehensive that Foreign Direct Investment would greatly affect them. We would discuss and take a decision on this (FDI) keeping their interest in mind," DMK president M Karunanidhi told reporters here.

 

To persistent queries on why DMK was maintaining a suspense on its stand over the FDI issue and whether it would support a no-confidence motion against the UPA government, Karunanidhi, also a well-known screenplay writer, said: "I have written the script for more than 100 films. A film would be successful only if it has suspense."

 

When asked whether DMK would support Left parties and some other parties' proposed resolution with provision for voting in Parliament on FDI, he said the party's views would be made known after consultations with DMK Parliamentary Party members.

 

Karunanidhi had yesterday said DMK's stand on FDI in retail would be known when a Bill on it was brought before Parliament during the winter session beginning on November 22.

 

In case of voting, the support of DMK, the second largest UPA ally with 18 Lok Sabha MPs after the exit of Trinamool Congress, is crucial for the UPA.

 

DMK has opposed the Centre's decision to allow FDI in multi-brand retail sector and had even supported the nation-wide bandh called by various parties in September.

 

Karunanidhi had then said his party would support if the Opposition moved a resolution in Parliament against FDI in retail.

 

While Trinamool Congress chief Mamata Banerjee has threatened a no-confidence motion, the Left parties have decided to move motions under voting rules in both Houses of Parliament to reject government's decision on the issue.

 

BJP to oppose govt on FDI in retail


Refusing to give up on the FDI in multi-brand retail issue which could affect its core vote bank of small traders, BJP on Wednesday said it will oppose the government decision in Parliament and try to build a joint strategy with NDA partners and other political parties.

 

"BJP will strongly oppose the government decision on FDI in multi-brand retail in the forthcoming winter session of Parliament. This decision is not in the interest of the country," party chief spokesperson Ravi Shankar Prasad said.

 

He announced that BJP will discuss its strategy with other NDA partners and also get in touch with political parties which have reservations on the issue.

 

The NDA allies are likely to hold a meeting on November 21, a day before the winter session begins.

 

"We would like to put the government on the mat on this issue. In November 2011, the then finance minister had announced in the Lok Sabha that a decision on FDI in multi-brand retail will be taken only after consulting all concerned sections. A similar statement was made by the then commerce minister in the Rajya Sabha," Prasad said.

 

BJP charged that this promise has been violated by the government as it has taken the decision unilaterally.

 

But the principal opposition is not yet clear to what extent it will go against the government in Parliament.

 

Though the opposition claims to have support of majority of MPs in both Houses on the issue, the NDA is unlikely to press for a vote on the issue.

 

Asked if BJP and NDA would rally behind Mamata Banerjee's TMC in case it seeks division of votes to embarrass the government, the party said it will decide its future course of action in the NDA meeting.

 

The Left parties are also opposed to the decision.

 

But the opposition designs may be thwarted by the chair in both Houses if it denies permission for a motion on the issue. Government has the right to bring FDI in multi-brand retail through an executive decision.

 

A discussion without voting is, however, possible.


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Agencies
May 28,2020

Kochi, May 28: In these pandemic times, when the businesses are gravely affected and the MSMEs are particularly feeling the heat, a Kerala institute has come up with an initiative to help the distressed industry. The Institute of Small Enterprises and Development (ISED) has come out with a unique platform -- 'business clinic' for extending advisory services to the COVID-19 affected MSMEs in the state.

The Kochi based ISED's multi-disciplinary team of experts will offer free guidance to entrepreneurs to make a self-evaluation for improving their performance.

It will serve the interests of the MSMEs, entrepreneurial aspirants, such as the returning migrants, start-ups, educated unemployed, and women entrepreneurs.

ISED director, PM Mathew said COVID-19 pandemic has shattered the budgets and operations of most SMEs, globally, as also in India.

"Post-lockdown, the operational problems are likely to get aggravated. Beyond the broad macro level projections and debates, it is now time to act at the grassroots level. Many entrepreneurs need appropriate clinical assessment, and moral and psychological support, said Mathew.

According to the work force participation data at the national level, Kerala is ranked 31 in terms of the number of self employed, and placed in second rank in relation to the size of casual labour.

The Kerala Enterprise Development Report, brought out by the ISED states while the number of the unregistered enterprises is sizeable, constituting 76.85 % of the total, the respective share of registered MSMEs is only 9.53 %.

The constraints to these enterprises today are, poor sales, large inventory, delayed payments, damage of stock, wage bill arrears, unreliable labour supplies, fund diversion due to exigencies, GST related problems, and NPA/poor credit score.

"For all businesses, unlike in a sporadic recession in the economy, the danger today is circular and cumulative. Both from the demand side, and the supply angle, there is a serious contraction of business activities, which essentially means a glut in the cash flow. Corporate businesses, obviously, will come out of the mess due to their relative advantages of high reserve funds, liberal credit offerings, and easier access to alternative sources of finance," said Mathew.

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News Network
February 18,2020

New Delhi, Feb 18: Delhi Transport Minister Kailash Gahlot is the richest minister in the AAP government, according to a report released by the Association for Democratic Reforms (ADR) on Monday.

In a statement, the NGO said, Delhi Election Watch and ADR have analysed the self-sworn affidavits of all the seven-party leaders including Chief Minister Arvind Kejriwal.

According to the statement, the minister with the lowest declared total assets is Gopal Rai with assets worth Rs 90.01 lakh.

"The minister with the highest declared total assets is Kailash Gahlot from Najafgarh constituency with assets worth Rs 46.07 crore," it stated.

The report by ADR comes on the day Kejriwal and his six ministers took charge after the formation of the new AAP government.

Chief Minister Kejriwal and his cabinet colleagues took charge of their respective offices on Monday and asserted that they would work to fulfil the promises made in the "guarantee card", released during the poll campaign, including reduction in pollution and expansion of metro network.

Members of his Cabinet are -- Manish Sisodia, Satyendar Jain, Rajendra Pal Gautam, Imran Hussain, Gopal Rai and Kailash Gahlot.

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News Network
February 13,2020

New Delhi, Feb 13: Arvind Kejriwal wrote to Delhi Lieutenant Governor Anil Baijal on Wednesday, staking claim to form the government in the national capital, sources said, while hinting that the AAP might not invite senior leaders and chief ministers of other parties for the oath-taking ceremony.

The sources said it was the formal process by the AAP chief, who was elected as the legislature party leader earlier in the day, to stake claim for forming the new government.

Kejriwal, who returned to power in Delhi with a stunning poll victory on Tuesday, will take oath as chief minister for the third consecutive time on February 16.

While the oath-taking ceremony will be open to the public, the Aam Aadmi Party (AAP) was considering not inviting leaders and chief ministers of other parties as it did not wish to be seen as a "confrontationist" against the BJP-led Centre, the sources said.

They, however, added that the party was yet to take a decision on it.

The AAP has planned mobilisation of people for the mega event and all the newly-elected MLAs of the party have been asked to ensure huge participation from their constituencies.

"I request the people of Delhi to attend the oath-taking ceremony of the chief minister at the Ramlila Maidan in large numbers," senior AAP leader Manish Sisodia told reporters, adding that the ceremony will start at 10 am.

The AAP won 62 seats in the 70-member Delhi Assembly, while the Bharatiya Janata Party (BJP) bagged the remaining eight seats. The Congress drew a blank for the second consecutive time in the Delhi polls.

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