Kolkata: CPI(M) General Secretary Prakash Karat on Friday said that the union cabinet's decision to operationalise 51 percent FDI in multi-brand retail would spell doom for lakhs of small shop owners.

"The decision will be disastrous for the country and spell doom for lakhs of small shopowners," Karat told a function here.

Stating that he was surprised why the government pushed this through, he said "most state governments are against multi-brand retail."


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