Finance, Forex and Investments

Why Manmohan Singh's government trying to safeguard interests of foreigners by entering into FTA? read details?

Manmohan singh government entered into a FTA(Free trade agreement) between India and the ASEAN(Association of south east Asian nations. if this agreement is implemented , it would hit economy of India. the worst hit would be kerala's rubber growers and coconut growers. This agreement would safeguard the interests of Malaysia and srilanka at the cost of Indian economy. all the financial sectors of Indian economy(banking, insurance) and other industries, would be at peril. http://www.24dunia.com/english-news/search/FTA-India.html http://www.mail-archive.com/greenyouth@googlegroups.com/msg09482.html

Public Comments

1. They want to make India a colony of Italy by destroyning everything indigenous.
2. Free Trade Aggreement would have been taken with huge consensus. Manmohan singh is not fool to put our economy at stake.There must be other good factors effecting our economy. I know Miss Geymala is a big supporter of BJP.
3. Manmohan Singh during Narasimha Rao period was different. Manmohan Singh to day is under the control of different power center. Even P.Chidambaram’s role also you cannot forget in this issue. One example: In 1956 hundreds of private insurance companies were abolished and LIC a single government institution was formed in the interest of the nation. All the LIC money was utilized for the development of India. All Electricity Boards of all states, infrastructure etc were funded by LIC throughout India. In the recent days in Manmohan Singh era, all foreign companies like AIG, Prudential, Allainz etc were allowed and the Indian funds are siphoned overseas. Again SEZs are another danger. We have been ruled over 3 centuries by British and our slavery mentality remains most of Indian minds. As otherwise why a foreigner is allowed to lead our nation? Any way as long as votes can be easily purchased for few glasses of Arrack we have to live with this. Vande Mataram!