Sharad Yadav warns UPA, says 'roll back FDI, otherwise people will roll back govt.

Last Updated: Wed, Dec 05, 2012 11:00 hrs

Janata Dal-United (JD-U) president and convener of the National Democratic Alliance (NDA), Sharad Yadav on Wednesday lashed out at the UPA Government during a heated debate in the Lok Sabha over allowing foreign direct investment (FDI) in multi-brand retail and warned that if the government will not scrap its decision, the people of the country will roll it back.

Blaming the Congress-led UPA Government of being concerned about the share markets, the economy and GDP, Yadav said the government should also bother about the 5000-year-old market and civilization in India.

"We do not want the government to fall, if we wanted to pull down we could have backed the Trinamool Congress-sponsored no-confidence motion but we didn't. But if you don't roll back FDI in multi brand retail, we will roll back the government," Yadav said.

"You can win this battle but we will win the war ultimately. History will not forget you if you remain adamant. Why don't you think of the human resources in this country? Why are there curbs on Indians working in other countries," he asked.

Questioning the government' claim about the benefits of FDI, Yadav said: "How will a man on a cycle or scooter go to Tesco? We have divided the country into two parts. The small traders in India add 12.4% to the GDP, do not survive on the government's money and achieve that through hard work. Wal-Mart is not coming to serve the people of India. I am not against market forces but this is not the way."

The Bharatiya Janata Party (BJP)-led NDA is along with other several regional parties, is opposing the government decision, which allow 51 percent FDI in multi-brand retail sector.

After a continuous demand from the Opposition, a debate is in progress in Lok Sabha under Rule 184, which entails a vote. Voting is about to take place around 5 p.m. today. (ANI)

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