Lucknow: Chief Minister Akhilesh Yadav today said that his government will not allow Foreign Direct Investment in multi-brand retail in Uttar Pradesh.
"The Samajwadi Party is very clear on FDI. It will not be implemented in Uttar Pradesh. But what about the stores that were given a go-ahead by the Bahujan Samaj Party government? " Mr Yadav told the media today on the occasion of his government completing six months.
However, Mayawati, the head of the BSP government, also condemned the introduction of FDI in retail, saying the common man would be adversely affected. "We will decide on October 10 whether we will support the UPA from outside or not," she said.
The UPA government yesterday announced that FDI would be allowed in multi-brand retail, adding it would be the state governments' prerogative to implement it.
"We cannot support price hike of diesel and reduction in subsidized LPG cylinders. On Friday, a decision has been taken allowing FDI in retail sector. It is a big jolt," Ms Banerjee said on her Facebook page, adding that she was prepared to take "hard steps" if the new policies are not reversed.
The policy was introduced yesterday, though it gives the state governments the right to implement or reject it.
The new reforms, designed to revive a sluggish economy, means global firms such as Wal-Mart can set up shop with a local partner and sell directly to consumers for the first time. Like the Left and the BJP, Ms Banerjee has argued that the entry of international super-markets will put thousands of corner shops and farmers out of business.
"The Samajwadi Party is very clear on FDI. It will not be implemented in Uttar Pradesh. But what about the stores that were given a go-ahead by the Bahujan Samaj Party government? " Mr Yadav told the media today on the occasion of his government completing six months.
However, Mayawati, the head of the BSP government, also condemned the introduction of FDI in retail, saying the common man would be adversely affected. "We will decide on October 10 whether we will support the UPA from outside or not," she said.
The UPA government yesterday announced that FDI would be allowed in multi-brand retail, adding it would be the state governments' prerogative to implement it.
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"We cannot support price hike of diesel and reduction in subsidized LPG cylinders. On Friday, a decision has been taken allowing FDI in retail sector. It is a big jolt," Ms Banerjee said on her Facebook page, adding that she was prepared to take "hard steps" if the new policies are not reversed.
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The policy was introduced yesterday, though it gives the state governments the right to implement or reject it.
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The new reforms, designed to revive a sluggish economy, means global firms such as Wal-Mart can set up shop with a local partner and sell directly to consumers for the first time. Like the Left and the BJP, Ms Banerjee has argued that the entry of international super-markets will put thousands of corner shops and farmers out of business.
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