When there is a dearth of air
entering a space of vacuum, it creates a hell and lot of disturbance for that
particular system. The condition of India's Multi-brand domestic retail shops
is in such havoc state. When the ruling party announced their decision to allow
Foreign Direct Investment (FDI) in multi-brand retail, it took away the sleep
of thousands of domestic traders and retailers alike. This is a period when the
smallest of decisions can change the fate of so many people for their entire
lives. FDI is a system in which foreign retailers can trade into our domestic
markets with Government tax exemptions and other benefits. The foreign
investors shake the normalcy of the common trader here and would attract a new
brand of buyers. This will severely affect the profits of the common trader.
But the Government needs to improve the annual GDP - the growth rate - to an
expected 7% and there is no other way other than this. For some of the
economists, the decision taken by the Government in allowing FDI into domestic
markets in the form of multi-brand retail maybe right, but considering the
effects that would be borne by the domestic traders is much more than it is
expected by the authorities concerned. In the view of checking this reeling act
and also for increasing the price of diesel - this would majorly hurt lorry men
- NDA (National Democrative Alliance) and Left parties called on for a
nation-wide bandh today. Only some days before, Trinamool Congress (TNC) led by
the Chief Minister of West Bengal, Ms.Mamta Bannerjee withdrew its support to
the ruling United Progressive Alliance (UPA). The sudden and surprising act of
Ms.Bannerjee raised the expectations of early elections but those went to the
ground when other coalition parties decided to stay intact with the Indian
National Congress (INC) making its majority more than the required number. The
enormity of the bandh could only be realized in the Northern states of India
where the effects of FDI were already felt in an atrocious way when Singur
happened. The people in those states breaking their normalcy to the fore
flooded on the roads blocking any kind of road transport. The only state in the
country which differed in the view of the bandh and where normalcy was upheld
was Tamil Nadu. Even when Dravida Munnetra Kazhagam (DMK) which is a strong
coalition party to the UPA government announced its support to the bandh with
its Labour Wing executing the orders, the effect of bandh was however less. The
shops at the Koyambedu market -around 3000 in number - remained closed hugely
distributing the 'metro' people in and around Chennai. Other than that, it was
usual for the people of Tamil Nadu. Schools and colleges were open and the
attendance was considerably normal. Government buses were on the road and the
public transport - air transport, including - was not affected much. The public
welfare offices also functioned normally making the total bandh meaningless in
the state. It made everyone to realize that just calling a bandh alone will not
squeeze the fire but right decisions benefiting all is the 'need of the hour'.
Better decisions are made by better leaders. Better leaders are created under
worse situations. In my point of view, the situation can't get worse than this
and we shall hope it brings us better leaders and decisions. Let us rise to the
problem to floor the solution!