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August 7, 2014

Trinamool`s reaction to FDI in Railways and Defense

Trinamool`s reaction to FDI in Railways and Defense

'I do not know what will be the fate and future of this country,' WB CM on her FB page:

The Union Cabinet has approved up to 100% FDI in railways and up to 49% in defense sector.

Increasing FDI cap from 26% up to 49% in Defence Sector will put a big question mark on safety and security of the nation.

Where successive governments have been consciously avoiding FDI in Railways Sector for strategic and security reasons, the Central Government has, for the first time, now allowed up to 100% FDI in Railways.

I do not know what will be the fate and future of this country ???

Statement issued by Derek O'Brien, National Spokesperson:
The Government is subverting democracy. They are stuck with FDI in Insurance in Rajya Sabha and are now smuggling in FDI in Railways and Defense. This shows the Government's arrogance and total disrespect towards the sanctity of the Parliament.

রেল ও প্রতিরক্ষা ক্ষেত্রে এফডিআই এর কেন্দ্রীয় সরকারের সিদ্ধান্তে তৃণমূল কংগ্রেসের জাতীয় মুখপাত্রের বক্তব্য:
এটা গণতন্ত্রের অবমাননা। বীমায় বিদেশি বিনিয়োগের বিল তো রাজ্যসভায় আটকে রয়েছে, এরই মধ্যে কেন্দ্রীয় সরকার ঘুরপথে রেল ও প্রতিরক্ষা ক্ষেত্রে এফডিআই আনতে চাইছে। এটা সংসদের অবমাননা। এর থেকেই বোঝা যায় এই সরকার কতটা অহংকারী।
11 AM: Rajya Sabha
Why come to Parliament? The Parliament is being bypassed by Govt. We are hearing Govt decisions from media. We demand a discussion on this during Zero Hour: Derek O'Brien
It is true that FDI in Railway and Defense were part of the Budget. But there was no structured debate on the issue. We want a debate on the issue of FDI immediately after the Question Hour: SS Roy
11:17 AM: Rajya Sabha
Rajya Sabha adjourned over Trinamool's demand for discussion over FDI in Railways and Defense
12:36 PM: Derek O'Brien speaks against FDI in Rajya Sabha
Transcript of his full speech:
This is a very serious issue on FDI. Givenwhat has been happening in the last ten days, it makes it all the more serious.Last night after the Parliament got adjourned, there was this announcementthrough the Cabinet about 100% FDI in Railways and 49% FDI in Defense. Sir, thetiming of this and the way this has happened leaves a lot to be desired.

For the last one week, the whole countryknows, what the status of FDI in insurance Bill is. The reality is, as much asthe Govt of India wants to move that Bill, and bring it in Rajya Sabha anddefeat the Bill, they cannot do it because the Bill will be sent to a SelectCommittee… because the majority of the members, about 150, do not want theBill to be voted on; they want it to go to the Select Committee.

But there is a hurry. There is a plane tocatch and bags to be packed in the middle of September because a trip has beenmade to America. So there is a hurry to bring FDi in Railways and Defense andstart the auction of India, to sell India. They say once you bring FDI in India,all of India's problems will be taken away.

Let me use this opportunity to tell youabout 2008 Sir. By the way, 32 States in the United States of America do notallow FDI in Insurance. Why are we so excited about it? In 2008, US Govt had tobail out a private insurance company, because they went down the chute, with 80billion dollars.

They are coming here. We are giving them afree market. We have put up some sales signs. This is not the way to go Sir. Thisis not the way to go. FDI is not the solution for all problems. FDI is ForeignDirect instruction. It is Foreign Direct Intrusion.

For the last ten years, the former Govt andthe current Govt were playing relay – passing the parcel. The result of thatwas seen. The Govt came down; the Congress party – unfortunately for them -came down to 44. Those people, we thought, were in fourth gear. This is infifth gear. They are on an overdrive. They want to go faster to catch the planein September.

This is a very serious issue Sir. No to FDIin insurance, defense and railways. Don't sell our country.

Thank you.