Rediffmail Money rediffGURUS BusinessEmail

CPI(M) to govt: Rein in US envoy

October 07, 2005 21:34 IST
Source:PTI

Describing the United States' envoy's views on foreign direct investment in the insurance sector as 'grave impropreity', the Communist Party of India (Marxist) asked the government on Friday to take steps to convey disapproval of his statement.

Ambassador David Mulford 'should remember that India has a democratic system, where policy decisions are taken by the elected representatives of the people and these are not decided by interests of the United States', the party politburo said in a statement.

Mulford's statement that investors would consider government policy of not hiking FDI caps in insurance and retail trade as a breach of faith 'is a grave impropreity', the CPI(M) said, adding the government 'should take appropriate steps to convey disapproval of such a statement'.

Source: PTI
© Copyright 2026 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

WEB STORIES

Katrina Kaif's Top 10 Songs

13 Bengali Veg Dishes That Make You Go Bong Bong!

7 Wonderful Car-Free Places In The World

VIDEOS

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email