Economy
In reply to the discussion: Weekend Economists' Harvest Ball September 21-23, 2012 [View all]Ghost Dog
(16,881 posts)In the past 10 days the Congress-led government has announced a string of reforms to open up the retail, aviation and other sectors to more foreign investment and cut deficit-bloating subsidies, prompting protests and the exit of a key coalition ally.
"We have to restore the confidence of foreign investors," said Indian Premier Manmohan Singh, who turns 80 next week. "Money does not grow on trees and that is why we have made these decisions...
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... Trinamool chief Mamata Banerjee accused Singh of allowing in foreign supermarkets such as Walmart in "an undemocratic and unethical manner", which would swamp India's small, family-owned stores.
"The government is selling out the country," she said.
/... http://www.france24.com/en/20120922-indian-pm-wins-praise-straight-talk-reforms
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