With my deep anguish I would like to say that it is very unfortunate to see increase in FDI in Telecom, Defence and Insurance sectors amongst 13 different sectors
The increase of FDI in telecom to 100% has very serious security implications for the nation. The whole telecommunication platform will be controlled by foreign companies which owe their allegiance to their own countries and serve their own interests.
In todays world Defence is heavily reliant on telecom system. By increasing FDI in Defence we are compromising safety and security of the nation. It is a myth that FDI hike will bring transfer of technology to Indian companies, as there is a 'Technology Denial' regime which does not permit developed world to transfer defence technology.
The lives of poor and common people who rely on insurance for their life and health, will be put to risk with increase in FDI in insurance sector. Foreign inflow of funds in financial institutional area in India is fraught with potential danger of global financial crisis.
Decisions of UPA II are putting the lives of common and poor people and above all, the nations security to grave danger.
The increase of FDI in telecom to 100% has very serious security implications for the nation. The whole telecommunication platform will be controlled by foreign companies which owe their allegiance to their own countries and serve their own interests.
In todays world Defence is heavily reliant on telecom system. By increasing FDI in Defence we are compromising safety and security of the nation. It is a myth that FDI hike will bring transfer of technology to Indian companies, as there is a 'Technology Denial' regime which does not permit developed world to transfer defence technology.
The lives of poor and common people who rely on insurance for their life and health, will be put to risk with increase in FDI in insurance sector. Foreign inflow of funds in financial institutional area in India is fraught with potential danger of global financial crisis.
Decisions of UPA II are putting the lives of common and poor people and above all, the nations security to grave danger.
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