A majority of constituents of Retail sector  in the un-organized sector regularly defaults in payment of sales tax, income tax. It  pilfers power and encroaches  on public land .It is, however, smart enough to pay bribes to corrupt politicians, the Police, Sales tax, income tax, municipal officials and those working in  Bijli and Jal boards. The leakage of public money contributes to growth of black money, not GDP.Once the FDI becomes operational, in multi-brand retail sector, the circulation of black money could reduce marginally. The moot point is : Could the kirana store owners work out an effective response  mechanism to retain their  market share in the consumers’ shopping basket under the revised dispensation? Yes; but  not without consumers’ support. The Kirana shops in villages, towns and cities are located in the neighbourhoods. Their replacement by multi-brand retail outlets would be out of question. These will continue to receive patronage by consumers  due to their residential proximity combined with  high transport cost, traffic congestions, parking problems  around   Big bazaars, Malls  etc. These act as a damper  on consumer enthusiasm for visiting the Malls.

The Congress  is aware of ground realities.However,beleagured by public angst against serial scams, rising inflation , the party was in desperate hurry in notifying  FDI rules  by skipping  promised consultation with  political parties and without taking Parliamentary approval. The motive was loud and clear : To deflect public  attention from the latest Coalgate  scam allegedly involving  the PM , his aides and central Ministers. The fear that “foreign players will capitalise on India's high-cost manufacturing base” may not hold water in the face of experience gathered by  India’s majors like the Reliance. Big Bazaar etc.The backlash by Kirana owners and their salesmen against indian majors, is not forgotten.

The assumption that FDI  will boost india’s economic  independence ,is thus  fallacious ,simplistic and misleading. It will be a no-profit-no-loss conundrum in Indian scenario.

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11/19/2019 12:09:46 AM#

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11/21/2019 7:21:01 AM#

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11/26/2019 8:54:26 PM#

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11/26/2019 11:51:17 PM#

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11/28/2019 3:28:02 AM#

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11/28/2019 8:46:00 PM#

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11/29/2019 8:43:45 AM#

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11/30/2019 5:32:41 AM#

If you like offroading or going on long drives, always bring with you a portable tire inflator. Saves your day.

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11/30/2019 5:42:27 PM#

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12/1/2019 10:07:21 PM#

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12/2/2019 1:56:58 PM#

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12/5/2019 9:01:10 PM#

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12/6/2019 11:37:13 PM#

Love sand and sand clock !

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About A.K.Saxena

A K SAXENA, an Indian national, is a retired civil servant from Government of India He is also a freelance journalist with several published investigative articles and columns in various fields to his credit. His writings are a reflection of his interest in writing on divergent themes and making the topics relevant to a wider audience. A post graduate in Chemistry from University of Delhi,he could not sustain his interest in pursuing research and instead chose to enter the government service through the IAS etc exam held by the UPSC. “KALASAVYA” that brought out several publications besides organizing cultural shows.


You can contact me at

aksaxena1947@gmail.com

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