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, 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.
One Junior Commanding Officer was killed and another jawan injured after a major infiltration bid by a group of six terrorists was foiled by the Army along LoC in Machil in Kupwara district of North Kashmir.
Prime Minister Manmohan Singh is expected to travel to Washington in a few months at the invitation of US President Barack Obama.
Karnataka Chief Minister Siddaramaiah on Saturday expanded his Cabinet with the induction of 28 Ministers.
A Central Bureau of Investigation (CBI) official, who is also the Chief Investigating Officer probing the coal block allocation scam, was caught taking a bribe of Rs 15 lakh on Friday.
Farmers in Coimbatore region on Friday threatened that they would resort to mass suicides if government went ahead with its plan to increase power tariff.
DMK leader MK Stalin on Friday surrendered his illegally-imported Hummer to the Central Bureau of Investigation (CBI) in Chennai.
A month after an explosion took place opposite the Bharatiya Janata Party (BJP) office in Malleshwaram in Bangalore, police are yet to zero in on the person who had planted the bomb.