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RSS meets ministers, trade unions to discuss FDI policy

RSS meets ministers, trade unions to discuss FDI policy
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The RSS yesterday held a meeting with Union ministers and leaders of trade unions to discuss recent changes to foreign direct investment (FDI) regulations.


Reports suggest that RSS-backed labour unions including the Bharatiya Mazdoor Sangh (BMS) are resenting such changes.


Union ministers including Commerce minister Nirmala Sitaraman, Power minister Piyush Goyal and Micro, Small and Medium Enterprises minister Kalraj Mishra attended the meeting hosted by the RSS.


The BMS and other unions believe that new opening up policies might adversely affect small businesses and wipe out local industries. And such a move would also have a negative impact on jobs.


The RSS intervention was prompted after trade unions flagged concern and threatened to join the opposition chorus to protest diluting of FDI regulations.


Recently, PM Narendra Modi announced 100% FDI in e-commerce and food industry through government approval.


The RSS-backed unions have objections to both FDI in such areas as well as in defence. 100% FDI in defence is likely to compromise national security, the unions fear. Left parties have expressed a similar opinion in the past.


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