FDI , there is more to it than a debate of parliament

 "Not letting foreigners come and do business along with us is a sign of weakness. It is like hosting the Olympics and not allowing the best countries to compete. "

The opposition has played a major role in this term to bring out various scams and keep the pressure on the government. However, to oppose everything, and for the sake of obstruction and not much else is not right either.

However, the support for FDI and some of the PM's policies in no way implies that the government is off the hook on the various scams. Until now, the government hasn't demonstrated seriousness about taking the right action on graft. In fact, it denies the scams even occurred. Liberalisation is not only about better economic policies, but also about better moral values. 

 But seriously , the point of concern here is not whether central government has thought of FDI to cover its ass but " Is foreign direct investment really of any help or is only a tool for distracting the nation ?

So lets have a look on the FDI:

 1) We have seen the benefits of the 1991 reforms. The cellphones we carry, TV channels we watch, vehicles we drive, the appliances we use - are all a result of the liberalisation that were initiated two decades ago. Before that, the government felt it was perfectly fine for people to wait years for a landline phone and watch one government-run TV channel. With such a transformation as seen by the middle class, one wonders if there is still need to convince people on the benefits of reforms. 

 2) Opposition presume Wal-Mart, with its 51% highly-regulated equity in a Indian venture, will be able to do what Reliance Fresh and Big Bazaar could not. The corporate Indian retail stores have been around for years. And yet, kirana shops flourish across the country. When asked how exactly could Wal-Mart do what Indian chains could not, the opposing folks have no answer. When asked why Indians don't deserve the best value and retail shopping experience, they stay silent. 

 Now look upon the terms and conditions that Indian Government has put forth :

 1) These foreign companies  have to invest a minimum of 10 crore doller or 525 crore rupee ,which will be used for construction of storage structures for raw food items and it will help in saving a lot of food destroyed because of storage problems.

 2) they can open stores only in those cities which have population more than 10 lakhs ,so not hampering small scale markets.

 3) they have to have both branded and non branded consumer products .

4) they have to buy minimum of 30 % from the small scale markets so as not to crush their lively hood.

5)government controls the first right to buy from farmers to have a check and control on these big scale giants.

6)according to government they can open stores in 53 cities of India but state's consent is necessary.

 And Finally opposition arguments :

The BJP denounced the new policies, presumably to please the trader community that supports it. The Trinamool Congress is screaming hoarse about the anti-people nature of such reforms. Mamata Banerjee is hoping to target the poor who have not benefited much from the reforms. 

 China, Malaysia, Thailand, Philippines are just a few examples of emerging economies that have allowed multi-brand retail and have had no major upheavals or large-scale unemployment. 

BUT:

Some  said that the PM could not be bogged down by those whining about the coal scam, thus implying now that he had finally done his job, it absolves him of the charge of mismanaging the country's natural resources. So low are our expectations from our PM, some feel he almost deserves a standing ovation every time he signs a file.