Government allows up to 51% FDI in multi-brand retail, 100% in single brand

[skeletor]

Indian culture is to blame.

 

[NoasArcAngel]

The topographical condition of India again is of no help, because of the rains many areas are flood prone which adds to the problem .

Why death of manufacturing and production : This Statement was made solely in terms of food and not anything else. My bad.

But again analyzing this situation here, production of goods and manufacturing will come to and end if the current scenario does not change.

Food prices are at an all time high, so are the rates of electricity, wages have not increased much, fuels are getting more expensive by the day. Its hard to imagine how will life be in some days from now.

Indian culture is to blame.

everyone is running for power and money. No one wants to take a look at the system and work for the people. Yesterday i had a discussion with someone who works very closely with industries and he told me how, when the coal allocation was to be made someone went to met a neta and he asked for a 60 crore bribe . When the company refused to pay, their allocation was reduced by 25%

says the guy who post arguments in support of legality of downloading from internet.since i already assessed your intellectual level from your reply to my last post in that anti-piracy thread i won't even bother to prove how pathetic sounding your argument is.remind me of the hyper "East India Company is coming again" statements i used to read in paper just after 1991 economic reforms.here is a free piece of advice from someone far more experienced & knowledgeable than you:don't open your mouth in front of people like me in real life or else whatever impression you may have will be spoiled.

And no i am not being pessimistic, i would warmly welcome FDI into the country, but what irkes me is that our country has so much potential, all we need is good governance yet we end up wasting the time of the parliament on stupid decisions like allowing the multibrand FDI retail to enter India

And not that the goons sitting in the parliament are much more capable than i or you. Its the sad times.

@ NoasArcAngel,read this.this is my reply to everyone & not just you who wishes to engage in a serious debate with me regarding FDI/economic issues.
*www.thinkdigit.com/forum/random-ne...rand-retail-100-single-brand.html#post1750149

i am pretty sure you are not an economist and neither am i, even if you read the papers knowing things like the back of your hand is something different and knowing about them is something different. So please lets just cut out the crap and talk like laymen.

and you mentioned a parallel black economy, you know it even runs know . You just dont read about it in the newspapers anymore

AHAHAHHAHAHA private sector, seriously man get a life. If i start spilling beans about how private sector companies work, you will be ashamed you even made that statement.

You want to talk about private companies : take a look at Satyam and Maytas.

Look at all the banking scams that have taken place : money being removed from customers accounts in citibank. And HSBC : LAUNDERING HAWALA MONEY.

I DONT SUPPORT COMMUNISM, but at the same time i dont believe in capitalism also. A balance is required and thats about it.

@ NoasArcAngel: You still live in the world of your dream mate?

yea man, i have a few servants a nice swanky house in posh area of delhi and life is good. No complaints.

For starters, why dont you take a look at how the reality sector in India boomed around 1980's? How come prices in Mumbai and New york are the same or Mumbai being more expensive ? even when the living conditions here are worse than New York?

You want more? take a look at how the private banks all laundered money and carried out international money transfer for all the mafia of Mumbai. ?

There are many companies LISTED ON THE BSE : which are the fronts for the major money laundering and rackerteering operations for the organized crime syndicate. Why has no action been taken against them ? Why did you forget all this ? why dont your papers report this? why dont your papers report the nexus between the diamon merchants in mumbai and the mafia cartel ? Why dont your papers report the mysterious cash lying the in the stock market ... and who owns it? Why dont your papers report how people bring the black money and convert it to white by floating companies?

Why dont your papers report the shrewd nature of the business persons, who run multi-crore industries in punjab and ludhiana but dont pay the tax they have to ? Why doesnt your paper report about its owner? Vineet Jain - I believe MD of the Times Of India Group.

Why dont your papers report how gold is smuggled via landing ports in India in Gujarat and sold off to convert black money to white money ? There are firms specially for this purpose.

 

[whitestar_999]

Like when fuel costs increase so does the cost of perishable goods, electricity and all such commodities.& when not fiscal deficit increase which in turn makes raising money for pvt sector costlier resulting in manufacturing production slow down as evident in IIP index touching negative for the first time in recent times not to mention it results in inflation which affects everybody much more severely.it is also common sense that is never pays to spend more than you earn in long run whether it is an individual or govt.

You may assume that most of the food will likely be bought from Indian farmers and sold, However that is not the case.sure!walmart is going to import arhar daal from USA in a ship with month long waiting time & all the other related expenses so it can sold it here at same rate as a local farmer.

Indian lands are not so fertile which adds to the problem,didn't knew that you did some research in this area from G. B. Pant University of Agriculture and Technology.here read this(especially how even Bangladesh is better in using tractors for increased productivity) & never raise this point again.
Home : Press Releases

whatever FDI invests in india will not be setting up their own Storage hubs, and most of the grains and pulses are stored in the Government granaries.read some material on how reliance fresh stores work to understand why your statement is completely false.

Because again we will have farmers going up in arms against the FDI for giving them a lower margin of profit.you mean even lower(read nothing) than what they are getting now from middleman.

i am pretty sure you are not an economist and neither am i, even if you read the papers knowing things like the back of your hand is something different and knowing about them is something different.

& so does a person who knows things like the back of his hand(me) & the one who knows little/nothing(you).

AHAHAHHAHAHA private sector, seriously man get a life. If i start spilling beans about how private sector companies work, you will be ashamed you even made that statement.

i am living a good life,kid.this discussion is over from my end since i don't consider it neither appropriate nor worthy enough to argue with someone like you who doesn't even possess a fraction of my knowledge.good bye,kid.

 

[NoasArcAngel]

Like when fuel costs increase so does the cost of perishable goods, electricity and all such commodities.& when not fiscal deficit increase which in turn makes raising money for pvt sector costlier resulting in manufacturing production slow down as evident in IIP index touching negative for the first time in recent times not to mention it results in inflation which affects everybody much more severely.it is also common sense that is never pays to spend more than you earn in long run whether it is an individual or govt.

You may assume that most of the food will likely be bought from Indian farmers and sold, However that is not the case.sure!walmart is going to import arhar daal from USA in a ship with month long waiting time & all the other related expenses so it can sold it here at same rate as a local farmer.

Indian lands are not so fertile which adds to the problem,didn't knew that you did some research in this area from G. B. Pant University of Agriculture and Technology.here read this(especially how even Bangladesh is better in using tractors for increased productivity) & never raise this point again.
Home : Press Releases

whatever FDI invests in india will not be setting up their own Storage hubs, and most of the grains and pulses are stored in the Government granaries.read some material on how reliance fresh stores work to understand why your statement is completely false.

Because again we will have farmers going up in arms against the FDI for giving them a lower margin of profit.you mean even lower(read nothing) than what they are getting now from middleman.


& so does a person who knows things like the back of his hand(me) & the one who knows little/nothing(you).


i am living a good life,kid.this discussion is over from my end since i don't consider it neither appropriate nor worthy enough to argue with someone like you who doesn't even possess a fraction of my knowledge.good bye,kid.

uncle
then why are you afraid to reply to my questions? if you know so much shed light on them . Also please enlighten everyone here about Harshad Mehta.

Like when fuel costs increase so does the cost of perishable goods, electricity and all such commodities.& when not fiscal deficit increase which in turn makes raising money for pvt sector costlier resulting in manufacturing production slow down as evident in IIP index touching negative for the first time in recent times not to mention it results in inflation which affects everybody much more severely.it is also common sense that is never pays to spend more than you earn in long run whether it is an individual or govt.

You may assume that most of the food will likely be bought from Indian farmers and sold, However that is not the case.sure!walmart is going to import arhar daal from USA in a ship with month long waiting time & all the other related expenses so it can sold it here at same rate as a local farmer.

Indian lands are not so fertile which adds to the problem,didn't knew that you did some research in this area from G. B. Pant University of Agriculture and Technology.here read this(especially how even Bangladesh is better in using tractors for increased productivity) & never raise this point again.
Home : Press Releases

whatever FDI invests in india will not be setting up their own Storage hubs, and most of the grains and pulses are stored in the Government granaries.read some material on how reliance fresh stores work to understand why your statement is completely false.

Because again we will have farmers going up in arms against the FDI for giving them a lower margin of profit.you mean even lower(read nothing) than what they are getting now from middleman.


& so does a person who knows things like the back of his hand(me) & the one who knows little/nothing(you).


i am living a good life,kid.this discussion is over from my end since i don't consider it neither appropriate nor worthy enough to argue with someone like you who doesn't even possess a fraction of my knowledge.good bye,kid.

i just want to add 1 thing: he who thinks he knows the most : knows little, and he who who thinks know littles knows the most. So rest your theory.

pulses have been imported in the past, and they will be imported in the future.

*www.commodityonline.com/news/india...uch-8-million-tons-by-2020-44705-3-44706.html

clearly you have no head i can see that, as most of your replies are brainless. sorry i wasted your time.

and i never did the research from any university, its clearly mentioned in the class 8 geography book. the amount of arable land .

Oh and it also mentions here clearly :

After launch, in a dramatic shift in its positioning and mainly due to the circumstances prevailing in UP, West Bengal and Orissa, it was mentioned recently[when?] in news dailies that Reliance Retail is moving out of stocking fruits and vegetables[citation needed]. Reliance Retail has decided to minimise its exposure in the fruit and vegetable business.
The company may not stock fruit and vegetables in some states. Though Reliance Fresh is not exiting the fruit and vegetable business altogether, it has decided not to compete with local vendors partly due to political reasons, and partly due to its inability to create a robust supply chain. This is quite different from what the firm had originally planned.
When the first Reliance Fresh store opened in Hyderabad last October[citation needed], not only did the company say the store’s main focus would be fresh produce like fruits and vegetables at a much lower price, but also spoke at length about its “farm-to-fork" theory[citation needed]. The idea the company spoke about was to source from farmers and sell directly to the consumer, removing middlemen out of the way.

SO i guess reliance was not that successfull after all ...

And read here : *www.ipga.co.in/index.html

*www.ipga.co.in/uploads/7/9/4/9/7949862/import_data_2011.pdf

@whitestar_999 i dont know your age, but i will call you uncle. And i am really really really sorry for wasting your time. I sincerely do hope you read my reply.

*post.jagran.com/fdi-in-retail-a-big-danger-against-national-interest-arun-jaitley-1347725268

hennai: BJP on Saturday said implementation of FDI in multi-brand retail will make India a nation of "sales boys and sales girls" and it hoped to see the end of the UPA government on the issue.

Leader of the Opposition in the Rajya Sabha, Arun Jaitley, said the biggest danger of allowing FDI in Indian markets was not just the threat posed to retail and services sectors but the danger faced by the manufacturing sector.

"International retail sources its products internationally and domestic sources domestically. India has not taken up any reforms in manufacturing sector. While companies from US and Europe will capture the Indian markets with cheap Chinese goods, India will become a nation of sales boys and sales girls," he said at a public meeting here.

"It is a decision for which India at least today is not prepared. And I cannot understand the compulsion. I hope the government falls on this issue so that no one repeats the mistake," he said.

Making a strong pitch against the government's decision, Jaitley said international structured retail did not create jobs but "displace" existing ones.

About four crore of India's workforce was dependent on retail sector for a livelihood and it was "erroneous" to say that opening up the market to foreign players will help both big corporates and local industry thrive, he said.

"They (foreign retailers) will source cheap, sell cheap, drive out competition and monopolise the market", he added.

The manufacturing sector suffered from among others, "rigid" labour laws, he said.

"When you monopolise market, there are very few small players.. a market controlled by a few people is contrary to public interest," he said.

Jaitley described global forums like World Trade Organisation as "bazaars", and not places of charity, where "you pay and charge for what you get."

The Manmohan Singh-led government's decision to allow FDI was "ex-parte concession" to the US and European countries, he alleged.

Slamming the recent hike of Rs five per litre on diesel, he said it demonstrated that the UPA government was "heartless with no concern for the common man."

UPA's popularity had taken a serious beating and doubts had emerged about its ability to govern, he said.

"Quality of leadership is more than disappointing (with) indecisive leadership with no capacity to take right decisions. The unprecedented steep hike in diesel prices and indirect hike in LPG (price) demonstrates that UPA today is a heartless government with no concern for the common man," he said.

On the 'coalgate' scam, he claimed new details were surfacing everyday.

Expressing regret over stalling of Parliament on the matter, he, however, insisted it was done "in national interest".

He recalled that BJP's similar tactics in the 2G spectrum allocation scam had resulted in action being initiated and held Prime Minister Manmohan Singh "directly liable" in the alleged coal mining scam.

"In 2G, the Prime Minister was vicariously liable but in the coal scam he is directly liable" by virtue of holding the portfolio for long, Jaitley said.

Seeking cancellation of coal-block allocations, which, he said, were done "without charging" money, he called for an inquiry by a Special Investigation Team under the directions of the Supreme Court.

Arun jaitley is a graduate of commerce from SRCC DU.

 

[KDroid]

@whitestar

Instead of giving logical answer to queries raised by members, you are just bragging about your knowledge. This is not how forums work. FFS, we're not here to brag about our knowledge. We're here to have normal discussions or constructive arguments which you're not capable of doing apparently. No one gives a damn if you've read 10000 articles or whatsoever. What matters here are logical arguments. If you cannot put logical arguments than your knowledge is of no use or does not exist. And you are better off bragging about your non-existent knowledge to your colleagues/family/friends. Good Luck.

 

[d6bmg]

Indian culture is to blame.

Nothing to do with culture, but the situation is made up by the politicians only.

 

[KDroid]

^^ Where did the politicians come from?

 

[d6bmg]

^^ Where did the politicians come from?

Got your point. If 'Indian culture' affects everyone, then none of us have the intellect to discuss anything here.
IMO, it's the mindset of some group of people (i.e. politicians), which is affecting and aggravating the issue.

 

[KDroid]

It does not affect everyone. We've some good politicians too. We elected the bad politicians. They set a bad example. Good people fear to enter politics. These politicians' sons and daughters take over them and it goes on. We're all just waiting for some revolutionary politician to come and revolutionize everything.

 

[Skud]

We need to elect, not wait.

 

[d6bmg]

We need to elect, not wait.

We? Those who get majority of vote, win. Here, majority of people are either socially or totally illiterate. So..

 

[Skud]

The largest population in the country is middle-class, but mostly it has lesser impact on polls because of its fragmented nature. Just take this thread as an example. Now, whose fault is that?

 

[gameranand]

Its just too early to implement in India thats all from me.

 

[whitestar_999]

@whitestar

Instead of giving logical answer to queries raised by members, you are just bragging about your knowledge. This is not how forums work. FFS, we're not here to brag about our knowledge. We're here to have normal discussions or constructive arguments which you're not capable of doing apparently. No one gives a damn if you've read 10000 articles or whatsoever. What matters here are logical arguments. If you cannot put logical arguments than your knowledge is of no use or does not exist. And you are better off bragging about your non-existent knowledge to your colleagues/family/friends. Good Luck.

i don't need to prove anything here online because in real life everyone i know acknowledges my knowledge & that is what matters to me not like many from current generation who measure their worth by their online presence.you don't engage in logical debate over theory of relativity with class 8 student who just read H.G. Wells Time Machine & saw terminator.what's the point in giving you logical arguments if they get over your head?read post#30 by me in this thread to get an idea about my level & your level.this section is not for debate but merely information & comments on random news.instead of copy pasting articles from net first read all the basic terms of economics & their historical context with respect to india along with rise & fall of communism in USSR & context & aftermath of China's great cultural revolution & only then engage in debate with someone like me.if you can't do that then simply say that you don't support FDI in retail using simple arguments which you can find in any leftist/opposition parties leaders speeches.don't use randomly collected half baked knowledge to give arguments trying to support your claim with a showing that you have good grasp on the subject.leave serious debate on such issues to people like us.i will be more than pleased to engage in debate with such a person.just like other person before you this is the end of discussion from my side with you.good bye

 

[abhinavmail1]

I am Waiting for newegg .

 

[asingh]

Waiting for the next 1.xxx L crore scam, which will be an offshoot of all this. Maybe we should see it in the next 4-5 years.

I agree with Ico, though.

 

[NoasArcAngel]

i don't need to prove anything here online because in real life everyone i know acknowledges my knowledge & that is what matters to me not like many from current generation who measure their worth by their online presence.you don't engage in logical debate over theory of relativity with class 8 student who just read H.G. Wells Time Machine & saw terminator.what's the point in giving you logical arguments if they get over your head?read post#30 by me in this thread to get an idea about my level & your level.this section is not for debate but merely information & comments on random news.instead of copy pasting articles from net first read all the basic terms of economics & their historical context with respect to india along with rise & fall of communism in USSR & context & aftermath of China's great cultural revolution & only then engage in debate with someone like me.if you can't do that then simply say that you don't support FDI in retail using simple arguments which you can find in any leftist/opposition parties leaders speeches.don't use randomly collected half baked knowledge to give arguments trying to support your claim with a showing that you have good grasp on the subject.leave serious debate on such issues to people like us.i will be more than pleased to engage in debate with such a person.just like other person before you this is the end of discussion from my side with you.good bye

the fact that you are replying again and again to protect your reputation and posting obscure replies as reasons only shows your level of integrity and mental maturity. oh and by the way you should try visiting this website :

Spoiler

IAMTHEGREATEST.COM

even if a 8 year old kid read time machine and watched terminator, you can never do a logical argument about time-travel because nor you, nor the kid has enough knowledge about that topic.

infact you can only and always have a conclusive and constructive arguements about facts.

 

[Anorion]

omg this argument also has boiled down to who is more mature
stop