"FDI will help farmers prosper by removing middlemen from the supply chain and generate new jobs"
PTI | October 5, 2012
Backing Centre's decision to allow FDI in multi-brand retail, Congress leader Rahul Gandhi has said the decision will help farmers prosper by removing middlemen from the supply chain and generate new jobs.
Addressing the national executive of Indian Youth Congress here on Thursday night, Rahul said FDI in retail will help farmers store their produce safely for a longer duration, thus ensuring best value for their crops.
The 42-year-old AICC general secretary, who is here on a two-day visit beginning yesterday, said around 60 to 70 per cent of all perishable products in the country eventually rot due to lack of proper storage facilities.
The situation, however, will change once FDI in retail comes in, Rahul was quoted as saying in a Youth Congress release.
He said farmers could not get good price for their produce as the middlemen in the 'Mandis' would buy from them at very low rates and sell the same at a much higher price in cities.
But once FDI comes in, they will be taken out of this equation, he said.
FDI will also create lot of new jobs, which will not only lead to higher income generation but also significantly reduce unemployment, thereby having a salutary effect on the economy, he said.
He, however, said all contractual agreements that farmers get into with the retailers "should be carefully monitored" in order to ensure that interests of the farmer are not harmed.
Rahul noted that in the contemporary world, all economies are interconnected, thus having impact on each other.
"If something happens in the US, it will most likely affect events in India, and vice versa," he said.
Earlier, talking to members of the Jammu and Kashmir NSUI national executive, Rahul said it was important to win the hearts and minds of the student community in Kashmir.
"We need to earn their trust, their faith. I am here to win their trust through dialogue and deeds," he said.
Rahul also asked state NSUI leadership to bring a delegation of students to Delhi and meet Union HRD Minister Kapil Sibal to sort out all issues concerned to them.
The telecom regulator`s decision to cut international termination charges (ITC) to 30 paise from 53 paise will hit the incumbent operators (Airtel, Idea and Vodafone) the most. At present, the annual revenue of the industry from ITC is approximately Rs 4,500 crore. It may also, as incumbents say, impact go
Additional borrowing of Rs 20,000 crore, and not Rs 50,000 crore, is being considered by the government to meet financial needs. Upon a review of trends of revenue receipts and expenditure pattern, it has been assessed that an additional borrowing of only Rs 20,000 crore of gov
Defence minister Nirmala Sitharaman recently made her maiden visit to the Bangalore complex of Navratna defence PSU- Bharat Electronics Ltd and was briefed on both the ongoing and futuristic projects of the enterprise. Sitharaman was given a corporate overview covering th
State-owned NTPC will showcase its expertise and technical knowhow to execute power sector projects and explore business opportunities at the World Future Energy Summit to be held in Abu Dhabi. India`s largest power generation company with an installed capacity of over 51
Will India ever be able to achieve the dream of making best use of its demographic dividend? That question becomes relevant again with the release of the Annual Status of Education Report
The Campaign for judicial accountability and judicial reforms (CJAR) has written to five senior supreme court judges over alleged misconduct by chief justice of India Dipak Misra. The CJAR has appealed to the judges -- justices J Chelameswar, R Gogoi, MB Lokur, K Joseph, AK Sikri -- t