Dangerous Course of FDI

Sir,

I am writing this in response to the statement of the CC of the CGPI entitled `Opening doors wider to Foreign Direct Investment is a Dangerous Coursei: BJP led NDA government is gambling with the fate of our country to serve the imperialist drive of Indian capital to join the global big power club’ issued on 16th July, 2014 and carried in the August 1-15, 2014 issue of MEL.

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Union Budget 2014-15

Continuing with the capital-centric approach in spite of “people’s verdict for a change”

Presenting the budget of the Government of India for the fiscal year 2014-15, Union Finance Minister Shri Arun Jaitley began his speech in Parliament on 10th July with the following words: “The people of India have decisively voted for a change.

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Sovereignty must not be traded away

July 31st is the deadline for signing of the Trade Facilitation Agreement (TFA) by all 160 member countries of the WTO. The TFA will bind member countries to lower all borders to international trade including tariffs, procedures, etc. The Indian government is opposed to signing the Agreement unless its concerns over WTO Rules regarding agricultural subsidies are addressed.

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