New Delhi, June 20: Implementing utopian neo-liberal rules, Narendra Modi government has now decided to permit Foreign Direct Investment (FDI) upto 100 per cent in several sectors including defence, aviation, pharmaceuticals, animal husbandry and broadcasting. Centre has eased the norms and has removed the ‘local sourcing’ obligation. Single-brand-retailing has now been allowed in several sectors. This decision of the government has been severely objected, with one affiliate group of Rashtriya Swayamsevak Sangh (RSS) calling this decision of government as ‘anti-national’. Also Read - Over 1,600 Indian Firms Got $1 Billion in FDI From China During April 2016 to March 2020: Govt Data
The Swadeshi Jagran Manch (SJM), which aims to uphold the founding principles of RSS and BJP, has demanded the government to reconsider the reforms it has made today. “FDI in retail is no less than anti-national. It is like kicking our own people in the stomach. Didn’t expect this Govt to do this. It will make animal-husbandry more difficult. We will protest,” said Dhananjay Munde, convenor of SJM. Also Read - Single Window Clearance System For Industry Soon: Goyal
Interestingly, several top leaders of BJP opposed the idea of opening up the market for FDI completely before coming to power. Current Finance Minister, who was then the Leader of Opposition in Rajya Sabha, said, “We will oppose FDI till our last breath. It will adversely affect our farmers, traders and manufacturers. It is not in interest of our nation.” The statements were made by Jaitley at historic Ramlila Maidan while holding a protest against the neo-liberal policies of Manmohan Singh government. Also Read - FDI Inflows Rise 18% to $73 bn in FY20, Says Union Minister Piyush Goyal
The U-turn on FDI taken by Modi regime is perceived as a huge betrayal by the RSS affiliate group. SJM is expected to launch an agitation against the government.