SDPI slams Centre's stance on FDI

[email protected] (CD Network)
December 3, 2011

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Mangalore, December 3: The Social Democratic Party of India (SDPI) has termed the Union Government's stand on Foreign Direct Investment, in the multi-brand retail sector as opening the way for international supermarket giants like Wal-Mart, Carrefour and Tesco to open their shops in India, as very unfortunate.

In a press release issued by E Aboobacker, the National President of SDPI said that the government's decision has led to logjam of the Parliament that threatens to disrupt the proceedings of the winter session with Opposition parties in no mood to relent causing crores of rupees going down the drain.

It is bare truth that any foreign stake and large scale mechanization, corporatization e will badly hamper traditional craft, culture and agriculture prospects especially badly affecting the youths' prospects. India is a rural dominated poor country where Socialism and Gandhianism model can only be success, others just befool and serve the narrow purposes of a few select in power and position. “Let us remain quite vigilant of such designs and its consequences”, he reminded.

Aboobacker pointed out that the Union Cabinet does has the right to take executive decisions. However, it is unprecedented that such decisions are taken and announced when Parliament is in session. This runs contrary to the spirit of parliamentary democracy and our constitutional scheme of things. It is, therefore, not unreasonable that parliamentarians, cutting across political parties, have demanded that this decision ought to have been taken after the issue was discussed by both the Houses. Once the decision has been taken, any discussion on the issue is simply in fructuous. Unless, of course, the government is willing to reverse its decision and allow a meaningful discussion in Parliament to determine what decision India must take on this score, he added.

The statement said: “We must campaign for organic and indigenous growth policy. Give incentives for setting-up big manufacturing basis in India- when most IT products, garments are being dumped from China, Taiwan and Thailand why can't there be proud stamp of Made in India manufactured Quality products to be found around the world? Why allow IInd and IIIrd rated imports of products to India? There seems to be a sinister move by the political leaders! We must campaign for be- Indian- buy India-manufactured products”.

Similarly, the Tatas, Birlas, Ambanis et al should also be kept away from the retail business so that the lower middle class traders can be saved from the home grown industrial giants, the statement added.

Aboobacker said manufacturing is the base on which countries stand and survive. Getting manufactured goods from abroad is good only for the merchants. FDI in retail business is just another new form of occupation of the present by all sense and means. For a country like India that has got a vast variety of food items, will be forced to consume all the rotten junk from other countries particularly from the capitalist and bankrupt ones, with much higher price. The "high quality" propaganda will be there from the same source justifying this "highway man" robbery.

He emphasized that FDI in retail move will lead to large-scale job losses. International experience shows supermarkets invariably displace small retailers. Small retail has virtually been wiped out in developed countries like the US and in Europe. South East Asian countries had to impose stringent zoning and licensing regulations to restrict growth of supermarkets after small retailers were getting displaced. India has the highest shopping density in the world with 11 shops per 1,000 people. It has 1.2 crore shops employing over 4 crore people; 95% of these are small shops run by self-employed people. Jobs in the manufacturing sector will be lost because structured international retail makes purchases internationally and not from domestic sources. This has been the experience of most countries which have allowed FDI in retail, he said.

He pointed out that global retail giants will resort to predatory pricing to create monopoly/oligopoly. This can result in essentials, including food supplies, being controlled by foreign organizations, he feared.

The statement expressed surprise that BJP which once supported FDI in retail back in 2002 when it was the leading party in a coalition led by former prime minister and key BJP leader Atal Bihari Vajpayee is now opposing it. It is now threatening to stall Parliament for the remainder of its winter session Thus, its double-standards is exposed for one and all to see.

Aboobacker hoped that better sense will prevail over the Union Government and especially Prime Minister Dr. Manmohan Singh to review the Cabinet decision over FDI in retail sector and agree for healthy debate in the both Houses of Parliament before taking any final decision over the issue. Rather than adhering to some false notions of prestige, there is nothing lost if the government were to reverse its decision and allow a proper discussion and the rest of the winter session to function in order to discharge its duty in legislating on the crucial issues discussed here, he added.

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News Network
January 31,2026

Roy.jpg

Bengaluru: The shooting incident involving CJ Roy, founder of the Confident Group, has once again put the spotlight on a businessman whose life has swung between flamboyant global success and persistent controversy at home.

Though Roy’s business interests extended across continents, his roots lay firmly in Karnataka. An alumnus of Christ School in Bengaluru, he later moved to Tumakuru to pursue an engineering degree. Those familiar with his early years describe him as intensely ambitious, beginning his career as a salesman at a small electronics firm dealing in computers.

Roy’s entry into large-scale real estate came through the Crystal Group, where he worked closely with Latha Namboothiri and rose from manager to director. However, the launch of the Confident Group in 2005 was clouded by industry speculation. Insiders speak of a fallout involving alleged “benami” properties and claims of deception that ultimately led to his independent venture—an episode Roy spent years trying to distance himself from, according to associates.

A tale of two cities

Roy’s professional trajectory diverged sharply across geographies.

In Dubai, he built a reputation as a bold and efficient developer, completing massive luxury residential projects in record time—some reportedly within 11 months. His rapid project delivery and lavish lifestyle in the Emirates earned him admiration and visibility in the real estate sector.

In Bengaluru, however, his image remained far more fractured. Sources say Roy stayed away from the city for several years amid disputes over unpaid dues to vendors and suppliers. Several projects were allegedly stalled, with accusations of unfulfilled commitments to cement and steel suppliers continuing to follow him.

Roy’s return to Bengaluru’s business and social circles began around 2018, marked by a conscious attempt at rebranding. His appointment as Honorary Consul of the Slovak Republic added diplomatic legitimacy, which he complemented with visible CSR initiatives, including ambulance donations and high-profile charity events.

Heavy police presence in Langford Town

Following the incident, police personnel from the Central division were deployed outside the Confident Group building in Langford Town, which also houses the Slovak Honorary Consulate in Bengaluru.

The otherwise busy premises near Hosur Road wore a deserted look on Friday, reflecting the shock and uncertainty that followed the tragedy.

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News Network
February 1,2026

Bengaluru: The Karnataka High Court has refused to quash an investigation against a WhatsApp group administrator accused of allowing the circulation of obscene and offensive images depicting Hindutva politicians and idols in 2021.

Justice M Nagaprasanna observed that, prima facie, the ingredients of the offence under Section 295A of the Indian Penal Code were made out. “The offence under Section 295A of the IPC is met to every word of its ingredient, albeit prima facie,” the judge said.

The petitioner, Sirajuddin, a resident of Belthangady taluk in Dakshina Kannada district, had challenged the FIR registered against him at the CEN (Cyber, Economics and Narcotics) police station, Mangaluru, for offences under Section 295A of the IPC and Section 67 of the Information Technology Act. Section 295A relates to punishment for deliberate and malicious acts intended to outrage the religious feelings of any class of citizens.

According to the complaint filed by K Jayaraj Salian, also a resident of Belthangady taluk, he received a WhatsApp group link from an unknown source and was added to the group after accessing it. The group reportedly had six administrators and around 250 participants, where obscene and offensive images depicting Hindu deities and certain political figures were allegedly circulated repeatedly.

Sirajuddin was arrested in connection with the case and later released on bail on February 16, 2021. He argued before the court that he was being selectively targeted, while other administrators—including the creator of the group—were neither arrested nor investigated. He also contended that the Magistrate could not have taken cognisance of the offence under Section 295A without prior sanction under Section 196(1) of the CrPC.

Rejecting the argument, Justice Nagaprasanna held that prior sanction is required only at the stage of taking cognisance, and not at the stage of registration of the crime or during investigation.

The judge noted that the State had produced the entire investigation material before the court. “A perusal of the material reveals depictions of Hindu deities in an extraordinarily obscene, demeaning and profane manner. The content is such that its reproduction in a judicial order would itself be inappropriate,” the court said, adding that the material, on its face, had the tendency to outrage religious feelings and disturb communal harmony.

Observing that the case was still at the investigation stage, the court said it could not interdict the probe at this juncture. However, it expressed concern that the investigating officer appeared to have not proceeded uniformly against all administrators. The court clarified that if the investigation revealed the active involvement of any member in permitting the circulation of such content, they must also be proceeded against.

“At this investigative stage, any further observation by this Court would be unnecessary,” the order concluded.

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News Network
February 4,2026

Mangaluru: Urban local bodies and gram panchayats should make the use of Kannada on signboards mandatory while issuing trade licences to commercial establishments, Dakshina Kannada Deputy Commissioner Darshan HV said. He also called for regular inspections to ensure compliance.

Presiding over the District Kannada Awareness Committee meeting at the deputy commissioner’s office, Darshan said the city corporation would be directed to ensure that shops operating in malls prominently display their names in Kannada. “All commercial establishments, including shops, companies, offices and hotels, must mandatorily display their names in Kannada on signboards,” he said.

The deputy commissioner added that the National Highways Authority of India (NHAI) would be instructed to include Kannada on signboards along national highways. Banks, he said, would be directed through committee meetings to provide application forms in Kannada.

“Even if English-medium schools and colleges impart education in English, their signboards must display the institution’s name in Kannada. Steps will also be taken to ensure that private buses display place names in Kannada,” Darshan said.

During the meeting, committee members raised concerns over the closure of Kannada-medium schools in rural areas due to a shortage of teachers and stressed the need for immediate corrective measures. They also pointed out that several industries employ workers from other states while overlooking local candidates.

Members further demanded that nationalised banks provide deposit and withdrawal slips in Kannada. It was brought to the deputy commissioner’s notice that the presence of staff without knowledge of Kannada in rural branches of nationalised banks is causing hardship to local customers.

Meanwhile, MP Srinath, president of the District Kannada Sahitya Parishat, urged the district administration to allot land for the construction of a district Kannada Bhavana in Mangaluru.

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