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'BJP committed to protect interest of small retailers, SMEs'
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SME Times News Bureau | 08 Apr, 2014
The manifesto of the Bharatiya Janata Party (BJP), released on
Monday, said that the party is committed to protecting the interests of
small and medium retailers and small and medium enterprises (SMEs) and
made clear that they will allow foreign investment only in areas that
create jobs and assets and will be disallowed in retail trade.
Devoting
considerable attention to physical infrastructure, agriculture and
industry, the party presented its manifesto for the Lok Sabha elections,
promising an environment that creates a modern, caring industry and is
conducive to doing business in India.
"Barring the multi-brand
retail sector, foreign direct investment will be allowed in sectors
wherever needed for job and asset creation, infrastructure and
acquisition of niche technology and specialised expertise," the party
manifesto said.
"BJP is committed to protecting the interest of
small and medium retailers, SMEs and those employed by them," it said,
in a reversal of a decision by the United Progressive Alliance (UPA)
government to allow up to 51 percent foreign equity in multi-brand
retail to pave the way for the entry of supermarket brands like Wal-Mart
and Tesco.
Industry bodies reacted cautiously to BJP's manifesto.
The
Associated Chambers of Commerce and Industry (ASSOCHAM) said it will
impress upon the BJP to reconsider its stand on multi-brand retail, as
this sector had the potential for a multiplier effect on the Indian
economy without disturbing neighbourhood stores.
"We feel
disappointment on the stand on FDI in Multi-Brand Retail, we hold out
hope for a possible review in the future," said Ficci president Sidharth
Birla, while welcoming an investment-friendly environment and linking
of foreign investment to jobs.
In its manifesto, the BJP said it
will also make the Foreign Investment Promotion Board (FIPB) more
efficient and investor-friendly, and promised to make the tax regime
simple. It accused the present government of unleashing "tax terrorism"
and "uncertainty."
"BJP realises the importance of having a tax
policy roadmap, so that people are aware of the future and plan
accordingly," it said. On proposed goods and services tax (GST), the
party said it would bring on board all state governments and address
their concerns.
The BJP said it will also revive "Brand India"
with the help of five Ts -- Tradition, Talent, Tourism, Trade and
Technology. The party said it will also re-visit the policy framework
for investments -- both foreign and domestic -- to make them more
conducive.
At the same time, it promised to attack the generation of black money at its roots.
"By
minimizing the scope for corruption, we will ensure minimization of the
generation of black money. BJP is committed to initiate the process of
tracking down and bringing back black money stashed in foreign banks and
offshore accounts."
For keeping inflation in check, it promised
strict measures and special courts to stop hoarding and black marketing,
as also a price stabilisation fund, better procurement by state
agencies and a single national agriculture Market.
It said
farmers will get at least 50 percent profits over their costs, besides a
policy that protects their interests while land is acquired for
industry. It said a national land use authority will be created for this
to work with state agencies.
It also promised what it called a
next-generation infrastructure with all-weather roads for every village,
freight and industrial corridors, gas grid, optic fiber network and a
rail network that accommodates bullet trains and agri-tourism with
safety and comfort.
Highlights of manifesto promises made:
- End policy paralysis
- Curb corruption
- Improve manufacturing output
- Undertake banking reforms
- Build 'Brand India'
- Welcome foreign investment in job-creating areas
- No foreign equity in multi-brand retail
- Check inflation with single national agriculture market
- Create jobs with labour-intensive manufacturing
- Give boost to agriculture
- Bring back black money
- Create 100 new cities
- Frame a responsible national energy policy
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BJP Manifesto
Hitesh Talsaniya | Wed Apr 9 05:04:23 2014
1. Policy Paralysis :
As far as knowledge having with me, in last ten years we don't face so much problem regarding policy paralysis. Lots of improvement in banking sectors, insurance sector, FDI , manufacturing as well textile and agriculture, telecom, power sector , road and building, sports and many others. How BJP improve further lets see?
2.Curb corruption.
Corruption can be curb within 5 years bcz Indian's people mind is self corrupted. To stop corruption either you have to make privatisation or make law of death or 25 year prison minimum. Present Govt. had also taken initiative to stop agent in many offices like passport application and others. Whether it is possible or other way with BJP?
3. Improve manufacturing output.
Manufacturing output is depend on skill of top management , ,don't on workers or middle level management bcz ultimate decision of changes and improvement having authority of top management. In india top management is very greedy and don't allow to interfere of lower or middle level management. you can develop the skills of workers or middle level management, but can you change the mind set of top mgt?
4.Undertake banking reforms :
Whatever growth of banking sectors in last ten year is amazing, now Govt.sectors banks also providing better services like private sectors is providing. Now question is there is room for reforms? and if which type?
5. Build Brand India.
Accepted its needs to make plateform abroad people's mind.
6.Welcome FDI.
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