Jammu to observe bandh against FDI in retail | chandigarh | Hindustan Times
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Jammu to observe bandh against FDI in retail

chandigarh Updated: Sep 19, 2012 20:48 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Various political parties in Jammu and Kashmir have supported National Democratic Alliance's (NDA) 'Bharat bandh' call on September 20 against the government's decision to allow Foreign Direct Investment (FDI) in India's retail sector and the hike in diesel prices and rationing of subsidised LPG cylinders.

Chief minister Omar Abdullah has, however, welcomed the Center's decision.

The BJP state president Shamsher Singh Manhas said the Congress-led union government has taken an extremely anti-people decision which should be rolled back immediately.

Citing that various social organisations in Jammu have decided to support the call for nation-wide strike, he said the Prime Minister is taking directions from Washington and the World Bank rather than listening to the problems of people of India.

While CPI(M) has also decided to protest the government's recent decisions, Jammu and Kashmir National Panthers Party's state morcha and the Socialist Democratic Party have also extended their support to the bandh.

Chamber of Commerce and Industry (CCI), Jammu said the decision of allowing FDI in retail may give some benefit to customers, but it will eventually hurt lakhs of traders in the state.

CCI, one of the most influential bodies in the state, has decided to support the bandh.

Trading is the most important activity in the state since industry is not a profitable venture in this landlocked state.

CCI said the small retailer will be pushed out of the market as he wouldn't be able to withstand the competition from multinationals with deep pockets.