Karat wants retail FDI decision to be scrapped
New Delhi, Dec 6, (IANS):
Communist Party of India-Marxist (CPI-M) general secretary Prakash Karat Tuesday demanded that the government scrap its decision to allow Foreign Direct Investment (FDI) in retail trade.
"The government intends to put FDI in retail on hold till the winter session of parliament. But, we want its (FDI) cancellation and the rescinding of the decision," he told reporters here.
Karat alleged that the United Progressive Alliance (UPA) II government permitted the FDI in retail as it had given a commitment to the US.
The CPI-M leader said the party would continue agitating on the FDI issue inside and outside parliament.
"We will take the issue to the people," Karat added.
