Lok Sabha approves FDI in retail, rejects opposition motion

[Kloitra]

Not sure about CBI thing. Its all about money and politics.
Mulayam had acted well. He said after he walked out of parliament " We are staging a walkout cos, Govt had insulted farmers".
Is this a logic line?
SP and BSP are already sold out. But doesnt matter as some good have happened for the country.
Already IKPF furniture retail approval request of 10000 crores have been approved. Many are coming.

He probably could not come up with a better excuse for this 'staged' walkout. But it is still amazing, if at all FDI would affect farmers, it would be in a positive way, by removing middle man. Or may be he meant govt insulted farmers by only bringing FDI in retails and not in farming!

 

[Chinese-Dragon]

Your communist are more open minded than ours. Or if you have misunderstood, than I meant the communist parties of India. Nothing related to the Chinese.

Actually your communists have more closely adhered to Communist philosophy than ours have. We are criticized heavily by most outside communists for dropping most of the communist ideology in favour of pragmatism.

And did you see the article? 20 years after China opened full Retail FDI, our own domestic retailers dominate the markets.

Domestic retailers have a massive advantage in that they understand the consumer base in a way that foreign companies can't. Walmart is in China but I've never been in one, though I did go to Walmart once when I took a trip to America.

 

[Mech]

Strange then, that China opened up full Retail FDI decades ago.

And interestingly enough, today China's retail market is entirely dominated by our own domestic companies.

From your own media:

The Hindu : Business / Economy : Chinese retailers give global giants run for money

Then you have consider that our people are not as industrious. With decentralized power our central government cannot force states excessively to take decisive actions.

Also, there is the rampant corruption in India. Foreign companies can pay politicians to bury local competition.

As for my stand, i am uncommitted to either....and to be honest dont have a clue on what's best.

 

[vsdoc]

I was speaking to some Americans on this issue recently.

They went through pretty much the same surprisingly some decades ago.

With eerily the same arguments against big chains - death of small traders etc.

What happened was that over a decade approximately small mom-n-pop stores (Indian equivalent of our baniya dukan) did close down and were forced out of business.

But they made a resurgence with re-alignment over the next few decades by getting into smaller, more specialize, niche businesses, which would never attract giant chains.

Don't know if that will happen here though.

 

[Kloitra]

Actually your communists have more closely adhered to Communist philosophy than ours have. We are criticized heavily by most outside communists for dropping most of the communist ideology in favour of pragmatism.

And did you see the article? 20 years after China opened full Retail FDI, our own domestic retailers dominate the markets.

Domestic retailers have a massive advantage in that they understand the consumer base in a way that foreign companies can't. Walmart is in China but I've never been in one, though I did go to Walmart once when I took a trip to America.

That is what I meant by being open minded. They changed with time, did what was need of the hour. Ours are idealistic fools.

 

[Chinese-Dragon]

That is what I meant by being open minded. They changed with time, did what was need of the hour. Ours are idealistic fools.

Ideological fanaticism is the very worst kind of all.

 

[Mech]

Ideological fanaticism is the very worst kind of all.

Our communists get an orgasm if you play the soviet national anthem ...or you break out some of the old communist poems bashing capitalism.

Its a lot different from CPC. They are pro degeneration.......and generally oppose everything.

These are the same guys who protested when government companies decided to use computers. Its pathetic.

 

[zaxcollix]

Ideological fanaticism is the very worst kind of all.

Ouch .... dont let the muslims hear you say that

 

[zaxcollix]

Here is one of Indian's most eminent economist speaking on FDI in retail for India. If anyone is really interested in this issue its worth listening too.

 

[zaxcollix]

...duplicate post.....

 

[Chinese-Dragon]

Ouch .... dont let the muslims hear you say that

Actually I think ideological fanaticism is far worse than religious fanaticism.

Hitler and Stalin for example. And the Red Guards in China.

India is lucky that the Naxallites are so weak, if they were stronger then it would be a living nightmare.

 

[zaxcollix]

Actually I think ideological fanaticism is far worse than religious fanaticism.

Hitler and Stalin for example. And the Red Guards in China.

India is lucky that the Naxallites are so weak, if they were stronger then it would be a living nightmare.

Certain religions is also ideology based . This is recognized by the chinese government which is why they 'regulate' these religion.

 

[IND151]

A very important decision has been taken.

Western countries work whats best for their nation. Opposition and govt will be united in case of strategic interests.
But its completely opposite in our regions.
We are opposition and so we will oppose anything

Not completely true, especially in case of India

 

[IND151]

Actually your communists have more closely adhered to Communist philosophy than ours have. We are criticized heavily by most outside communists for dropping most of the communist ideology in favour of pragmatism.

And did you see the article? 20 years after China opened full Retail FDI, our own domestic retailers dominate the markets.

Domestic retailers have a massive advantage in that they understand the consumer base in a way that foreign companies can't. Walmart is in China but I've never been in one, though I did go to Walmart once when I took a trip to America.

right.

But this advantage doesnt last more than 5 to 6 years, I think.

The foreign giants like Wallmart do study the concerned market deeply.

Bottom line is Indian Retail Giants like Reliance Fresh and more.(Aditya Birla Group) along with hundred of thousands small retailers must be ready to face upcoming competition.

 

[Arav_Rana]

SP and BSP walked out because they wanted to save UPA government. Failing to pass retail fdi in lok sabha means government does not have enough no in parliament.
One side BSP,SP sais that they are against this FDI in retail and on other side they just walked out. If a party choose to their interest over country interest then Such type of party should be ban.

I do not know much about FDI in retail, but what i know we have a major part of people who earn their living on small shops, by daily selling. and even we have a major part of farmers who do not have big land. Company ll buy from big farmers. This ll effect crores of people in India.