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CPI Burns Effigy Of Centre For Allowing 100% FDI

An effigy of the Union government was burnt to protest its decision to allow 100% FDI in the single brand retail trading and the construction sectors.
Hyderabad | 11th January 2018
CPI activists today burnt an effigy of the Union government at the Himayatnagar Y Junction in protest against the latter's decision to allow 100% FDI into the single brand retail trading and the construction sectors.

Speaking on the occasion, CPI state secretary Chada Venkat Reddy said that allowing 100% FDI in the country meant giving a red carpet welcome to Multi-National Companies (MNCs) into the Indian market.

Chada alleged that the BJP, which had so far opposed FDI altogether in the retail sector, was now allowing 100% FDI. He expressed fear that the Indian economy would fall into the hands of foreign companies if 100% FDI was allowed.

CPI leaders E T Narasimha, V S Bose, B Venkatesham, M Narsimha, R Shankar Naik, Salim Khan, S Yadaiah, Shakri, Ameena, Marupaka Anil Kumar, Shaik Nadeem, Nerlakanti Srikanth and Harinath Goud were among the people who participated in the protest.
filed in:  Protests, CPI, Centre, FDI In Retail, Chada Venkat Reddy, MNCs, BJP
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