Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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-The Telegraph
&lt;/p&gt;
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&amp;nbsp;
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Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.&lt;br /&gt;
&lt;br /&gt;
This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&amp;rsquo;s initiative to &amp;ldquo;act&amp;rdquo; and expresses alarm at the &amp;ldquo;chaos&amp;rdquo; that followed.&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &amp;ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&amp;rdquo; the two eminences grises of corporate India said in their open letter.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&amp;rdquo; they said.&lt;br /&gt;
&lt;br /&gt;
The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &amp;ldquo;suspended&amp;rdquo; until it is able to drum up sufficient consensus.&lt;br /&gt;
&lt;br /&gt;
Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &amp;ldquo;Hopefully.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.&lt;br /&gt;
&lt;br /&gt;
The earlier epistles were signed by several other leaders of India Inc.&lt;br /&gt;
&lt;br /&gt;
In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &amp;ldquo;stem the slowdown, increase investments, bring in new reforms&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&amp;rdquo; they said.&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &amp;ldquo;The protests on FDI in retail are misconceived and unfortunate.&amp;hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &amp;ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &amp;mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&amp;rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&amp;rdquo; they added.
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-The Telegraph


&amp;nbsp;


Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.

The concerns...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p&gt;-The Telegraph&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div align=&quot;justify&quot;&gt;Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.&lt;br /&gt;&lt;br /&gt;This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&amp;rsquo;s initiative to &amp;ldquo;act&amp;rdquo; and expresses alarm at the &amp;ldquo;chaos&amp;rdquo; that followed.&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &amp;ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&amp;rdquo; the two eminences grises of corporate India said in their open letter.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&amp;rdquo; they said.&lt;br /&gt;&lt;br /&gt;The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &amp;ldquo;suspended&amp;rdquo; until it is able to drum up sufficient consensus.&lt;br /&gt;&lt;br /&gt;Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &amp;ldquo;Hopefully.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.&lt;br /&gt;&lt;br /&gt;The earlier epistles were signed by several other leaders of India Inc.&lt;br /&gt;&lt;br /&gt;In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &amp;ldquo;stem the slowdown, increase investments, bring in new reforms&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&amp;rdquo; they said.&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &amp;ldquo;The protests on FDI in retail are misconceived and unfortunate.&amp;hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &amp;ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &amp;mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&amp;rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&amp;rdquo; they added.&lt;/div&gt;&#039;,
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-The Telegraph
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;
&lt;div align=&quot;justify&quot;&gt;
Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.&lt;br /&gt;
&lt;br /&gt;
This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&amp;rsquo;s initiative to &amp;ldquo;act&amp;rdquo; and expresses alarm at the &amp;ldquo;chaos&amp;rdquo; that followed.&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &amp;ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&amp;rdquo; the two eminences grises of corporate India said in their open letter.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&amp;rdquo; they said.&lt;br /&gt;
&lt;br /&gt;
The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &amp;ldquo;suspended&amp;rdquo; until it is able to drum up sufficient consensus.&lt;br /&gt;
&lt;br /&gt;
Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &amp;ldquo;Hopefully.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.&lt;br /&gt;
&lt;br /&gt;
The earlier epistles were signed by several other leaders of India Inc.&lt;br /&gt;
&lt;br /&gt;
In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &amp;ldquo;stem the slowdown, increase investments, bring in new reforms&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&amp;rdquo; they said.&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &amp;ldquo;The protests on FDI in retail are misconceived and unfortunate.&amp;hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &amp;ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &amp;mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&amp;rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&amp;rdquo; they added.
&lt;/div&gt;&#039;,
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-The Telegraph


&amp;nbsp;


Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.

The concerns...&#039;
$disp = &#039;&lt;p&gt;-The Telegraph&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div align=&quot;justify&quot;&gt;Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.&lt;br /&gt;&lt;br /&gt;This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&amp;rsquo;s initiative to &amp;ldquo;act&amp;rdquo; and expresses alarm at the &amp;ldquo;chaos&amp;rdquo; that followed.&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &amp;ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&amp;rdquo; the two eminences grises of corporate India said in their open letter.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&amp;rdquo; they said.&lt;br /&gt;&lt;br /&gt;The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &amp;ldquo;suspended&amp;rdquo; until it is able to drum up sufficient consensus.&lt;br /&gt;&lt;br /&gt;Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &amp;ldquo;Hopefully.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.&lt;br /&gt;&lt;br /&gt;The earlier epistles were signed by several other leaders of India Inc.&lt;br /&gt;&lt;br /&gt;In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &amp;ldquo;stem the slowdown, increase investments, bring in new reforms&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&amp;rdquo; they said.&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &amp;ldquo;The protests on FDI in retail are misconceived and unfortunate.&amp;hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &amp;ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &amp;mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&amp;rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&amp;rdquo; they added.&lt;/div&gt;&#039;
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-The Telegraph


&nbsp;


Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &ldquo;misconceived and unfortunate&rdquo; protests against foreign investment in retail &mdash; a decision they termed &ldquo;an essential part of India&rsquo;s growth story&rdquo;.

The concerns..."/>
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                <strong>Business asks farmers to speak up against FDI ‘false drama’</strong></h1>
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                <p>-The Telegraph</p><p>&nbsp;</p><div align="justify">Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &ldquo;misconceived and unfortunate&rdquo; protests against foreign investment in retail &mdash; a decision they termed &ldquo;an essential part of India&rsquo;s growth story&rdquo;.<br /><br />The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.<br /><br />This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&rsquo;s initiative to &ldquo;act&rdquo; and expresses alarm at the &ldquo;chaos&rdquo; that followed.<br /><br />Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&rdquo;.<br /><br />They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.<br /><br />&ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&rdquo; the two eminences grises of corporate India said in their open letter.<br /><br />&ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&rdquo; they said.<br /><br />The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &ldquo;suspended&rdquo; until it is able to drum up sufficient consensus.<br /><br />Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &ldquo;Hopefully.&rdquo;<br /><br />In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.<br /><br />The earlier epistles were signed by several other leaders of India Inc.<br /><br />In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &ldquo;stem the slowdown, increase investments, bring in new reforms&rdquo;.<br /><br />&ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&rdquo; they said.<br /><br />Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &ldquo;The protests on FDI in retail are misconceived and unfortunate.&hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&rdquo;<br /><br />The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&rdquo;<br /><br />Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.<br /><br />&ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&rdquo; they added.</div>               </font>
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-The Telegraph
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;
&lt;div align=&quot;justify&quot;&gt;
Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.&lt;br /&gt;
&lt;br /&gt;
This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&amp;rsquo;s initiative to &amp;ldquo;act&amp;rdquo; and expresses alarm at the &amp;ldquo;chaos&amp;rdquo; that followed.&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &amp;ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&amp;rdquo; the two eminences grises of corporate India said in their open letter.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&amp;rdquo; they said.&lt;br /&gt;
&lt;br /&gt;
The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &amp;ldquo;suspended&amp;rdquo; until it is able to drum up sufficient consensus.&lt;br /&gt;
&lt;br /&gt;
Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &amp;ldquo;Hopefully.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.&lt;br /&gt;
&lt;br /&gt;
The earlier epistles were signed by several other leaders of India Inc.&lt;br /&gt;
&lt;br /&gt;
In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &amp;ldquo;stem the slowdown, increase investments, bring in new reforms&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&amp;rdquo; they said.&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &amp;ldquo;The protests on FDI in retail are misconceived and unfortunate.&amp;hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &amp;ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &amp;mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&amp;rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&amp;rdquo; they added.
&lt;/div&gt;&#039;,
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-The Telegraph


&amp;nbsp;


Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.

The concerns...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p&gt;-The Telegraph&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div align=&quot;justify&quot;&gt;Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.&lt;br /&gt;&lt;br /&gt;This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&amp;rsquo;s initiative to &amp;ldquo;act&amp;rdquo; and expresses alarm at the &amp;ldquo;chaos&amp;rdquo; that followed.&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &amp;ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&amp;rdquo; the two eminences grises of corporate India said in their open letter.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&amp;rdquo; they said.&lt;br /&gt;&lt;br /&gt;The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &amp;ldquo;suspended&amp;rdquo; until it is able to drum up sufficient consensus.&lt;br /&gt;&lt;br /&gt;Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &amp;ldquo;Hopefully.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.&lt;br /&gt;&lt;br /&gt;The earlier epistles were signed by several other leaders of India Inc.&lt;br /&gt;&lt;br /&gt;In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &amp;ldquo;stem the slowdown, increase investments, bring in new reforms&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&amp;rdquo; they said.&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &amp;ldquo;The protests on FDI in retail are misconceived and unfortunate.&amp;hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &amp;ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &amp;mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&amp;rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&amp;rdquo; they added.&lt;/div&gt;&#039;,
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-The Telegraph
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
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Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.&lt;br /&gt;
&lt;br /&gt;
This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&amp;rsquo;s initiative to &amp;ldquo;act&amp;rdquo; and expresses alarm at the &amp;ldquo;chaos&amp;rdquo; that followed.&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &amp;ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&amp;rdquo; the two eminences grises of corporate India said in their open letter.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&amp;rdquo; they said.&lt;br /&gt;
&lt;br /&gt;
The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &amp;ldquo;suspended&amp;rdquo; until it is able to drum up sufficient consensus.&lt;br /&gt;
&lt;br /&gt;
Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &amp;ldquo;Hopefully.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.&lt;br /&gt;
&lt;br /&gt;
The earlier epistles were signed by several other leaders of India Inc.&lt;br /&gt;
&lt;br /&gt;
In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &amp;ldquo;stem the slowdown, increase investments, bring in new reforms&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&amp;rdquo; they said.&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &amp;ldquo;The protests on FDI in retail are misconceived and unfortunate.&amp;hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &amp;ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &amp;mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&amp;rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&amp;rdquo; they added.
&lt;/div&gt;&#039;,
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-The Telegraph


&amp;nbsp;


Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.

The concerns...&#039;
$disp = &#039;&lt;p&gt;-The Telegraph&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div align=&quot;justify&quot;&gt;Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.&lt;br /&gt;&lt;br /&gt;This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&amp;rsquo;s initiative to &amp;ldquo;act&amp;rdquo; and expresses alarm at the &amp;ldquo;chaos&amp;rdquo; that followed.&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &amp;ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&amp;rdquo; the two eminences grises of corporate India said in their open letter.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&amp;rdquo; they said.&lt;br /&gt;&lt;br /&gt;The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &amp;ldquo;suspended&amp;rdquo; until it is able to drum up sufficient consensus.&lt;br /&gt;&lt;br /&gt;Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &amp;ldquo;Hopefully.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.&lt;br /&gt;&lt;br /&gt;The earlier epistles were signed by several other leaders of India Inc.&lt;br /&gt;&lt;br /&gt;In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &amp;ldquo;stem the slowdown, increase investments, bring in new reforms&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&amp;rdquo; they said.&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &amp;ldquo;The protests on FDI in retail are misconceived and unfortunate.&amp;hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &amp;ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &amp;mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&amp;rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&amp;rdquo; they added.&lt;/div&gt;&#039;
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-The Telegraph


&nbsp;


Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &ldquo;misconceived and unfortunate&rdquo; protests against foreign investment in retail &mdash; a decision they termed &ldquo;an essential part of India&rsquo;s growth story&rdquo;.

The concerns..."/>
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                <strong>Business asks farmers to speak up against FDI ‘false drama’</strong></h1>
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                <p>-The Telegraph</p><p>&nbsp;</p><div align="justify">Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &ldquo;misconceived and unfortunate&rdquo; protests against foreign investment in retail &mdash; a decision they termed &ldquo;an essential part of India&rsquo;s growth story&rdquo;.<br /><br />The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.<br /><br />This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&rsquo;s initiative to &ldquo;act&rdquo; and expresses alarm at the &ldquo;chaos&rdquo; that followed.<br /><br />Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&rdquo;.<br /><br />They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.<br /><br />&ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&rdquo; the two eminences grises of corporate India said in their open letter.<br /><br />&ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&rdquo; they said.<br /><br />The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &ldquo;suspended&rdquo; until it is able to drum up sufficient consensus.<br /><br />Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &ldquo;Hopefully.&rdquo;<br /><br />In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.<br /><br />The earlier epistles were signed by several other leaders of India Inc.<br /><br />In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &ldquo;stem the slowdown, increase investments, bring in new reforms&rdquo;.<br /><br />&ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&rdquo; they said.<br /><br />Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &ldquo;The protests on FDI in retail are misconceived and unfortunate.&hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&rdquo;<br /><br />The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&rdquo;<br /><br />Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.<br /><br />&ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&rdquo; they added.</div>               </font>
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-The Telegraph
&lt;/p&gt;
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&amp;nbsp;
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Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.&lt;br /&gt;
&lt;br /&gt;
This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&amp;rsquo;s initiative to &amp;ldquo;act&amp;rdquo; and expresses alarm at the &amp;ldquo;chaos&amp;rdquo; that followed.&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &amp;ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&amp;rdquo; the two eminences grises of corporate India said in their open letter.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&amp;rdquo; they said.&lt;br /&gt;
&lt;br /&gt;
The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &amp;ldquo;suspended&amp;rdquo; until it is able to drum up sufficient consensus.&lt;br /&gt;
&lt;br /&gt;
Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &amp;ldquo;Hopefully.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.&lt;br /&gt;
&lt;br /&gt;
The earlier epistles were signed by several other leaders of India Inc.&lt;br /&gt;
&lt;br /&gt;
In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &amp;ldquo;stem the slowdown, increase investments, bring in new reforms&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&amp;rdquo; they said.&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &amp;ldquo;The protests on FDI in retail are misconceived and unfortunate.&amp;hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &amp;ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &amp;mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&amp;rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&amp;rdquo; they added.
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-The Telegraph


&amp;nbsp;


Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.

The concerns...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p&gt;-The Telegraph&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div align=&quot;justify&quot;&gt;Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.&lt;br /&gt;&lt;br /&gt;This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&amp;rsquo;s initiative to &amp;ldquo;act&amp;rdquo; and expresses alarm at the &amp;ldquo;chaos&amp;rdquo; that followed.&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &amp;ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&amp;rdquo; the two eminences grises of corporate India said in their open letter.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&amp;rdquo; they said.&lt;br /&gt;&lt;br /&gt;The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &amp;ldquo;suspended&amp;rdquo; until it is able to drum up sufficient consensus.&lt;br /&gt;&lt;br /&gt;Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &amp;ldquo;Hopefully.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.&lt;br /&gt;&lt;br /&gt;The earlier epistles were signed by several other leaders of India Inc.&lt;br /&gt;&lt;br /&gt;In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &amp;ldquo;stem the slowdown, increase investments, bring in new reforms&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&amp;rdquo; they said.&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &amp;ldquo;The protests on FDI in retail are misconceived and unfortunate.&amp;hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &amp;ldquo;It is illusory to believe that the market will be flooded with FDI. 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-The Telegraph
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;
&lt;div align=&quot;justify&quot;&gt;
Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.&lt;br /&gt;
&lt;br /&gt;
This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&amp;rsquo;s initiative to &amp;ldquo;act&amp;rdquo; and expresses alarm at the &amp;ldquo;chaos&amp;rdquo; that followed.&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &amp;ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&amp;rdquo; the two eminences grises of corporate India said in their open letter.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&amp;rdquo; they said.&lt;br /&gt;
&lt;br /&gt;
The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &amp;ldquo;suspended&amp;rdquo; until it is able to drum up sufficient consensus.&lt;br /&gt;
&lt;br /&gt;
Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &amp;ldquo;Hopefully.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.&lt;br /&gt;
&lt;br /&gt;
The earlier epistles were signed by several other leaders of India Inc.&lt;br /&gt;
&lt;br /&gt;
In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &amp;ldquo;stem the slowdown, increase investments, bring in new reforms&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&amp;rdquo; they said.&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &amp;ldquo;The protests on FDI in retail are misconceived and unfortunate.&amp;hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &amp;ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &amp;mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&amp;rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&amp;rdquo; they added.
&lt;/div&gt;&#039;,
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-The Telegraph


&amp;nbsp;


Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.

The concerns...&#039;
$disp = &#039;&lt;p&gt;-The Telegraph&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div align=&quot;justify&quot;&gt;Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &amp;ldquo;misconceived and unfortunate&amp;rdquo; protests against foreign investment in retail &amp;mdash; a decision they termed &amp;ldquo;an essential part of India&amp;rsquo;s growth story&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.&lt;br /&gt;&lt;br /&gt;This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&amp;rsquo;s initiative to &amp;ldquo;act&amp;rdquo; and expresses alarm at the &amp;ldquo;chaos&amp;rdquo; that followed.&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &amp;ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&amp;rdquo; the two eminences grises of corporate India said in their open letter.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&amp;rdquo; they said.&lt;br /&gt;&lt;br /&gt;The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &amp;ldquo;suspended&amp;rdquo; until it is able to drum up sufficient consensus.&lt;br /&gt;&lt;br /&gt;Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &amp;ldquo;Hopefully.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.&lt;br /&gt;&lt;br /&gt;The earlier epistles were signed by several other leaders of India Inc.&lt;br /&gt;&lt;br /&gt;In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &amp;ldquo;stem the slowdown, increase investments, bring in new reforms&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&amp;rdquo; they said.&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &amp;ldquo;The protests on FDI in retail are misconceived and unfortunate.&amp;hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &amp;ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &amp;mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&amp;rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&amp;rdquo; they added.&lt;/div&gt;&#039;
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-The Telegraph


&nbsp;


Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &ldquo;misconceived and unfortunate&rdquo; protests against foreign investment in retail &mdash; a decision they termed &ldquo;an essential part of India&rsquo;s growth story&rdquo;.

The concerns..."/>
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                <strong>Business asks farmers to speak up against FDI ‘false drama’</strong></h1>
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                <p>-The Telegraph</p><p>&nbsp;</p><div align="justify">Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &ldquo;misconceived and unfortunate&rdquo; protests against foreign investment in retail &mdash; a decision they termed &ldquo;an essential part of India&rsquo;s growth story&rdquo;.<br /><br />The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.<br /><br />This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&rsquo;s initiative to &ldquo;act&rdquo; and expresses alarm at the &ldquo;chaos&rdquo; that followed.<br /><br />Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&rdquo;.<br /><br />They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.<br /><br />&ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&rdquo; the two eminences grises of corporate India said in their open letter.<br /><br />&ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&rdquo; they said.<br /><br />The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &ldquo;suspended&rdquo; until it is able to drum up sufficient consensus.<br /><br />Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &ldquo;Hopefully.&rdquo;<br /><br />In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.<br /><br />The earlier epistles were signed by several other leaders of India Inc.<br /><br />In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &ldquo;stem the slowdown, increase investments, bring in new reforms&rdquo;.<br /><br />&ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&rdquo; they said.<br /><br />Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &ldquo;The protests on FDI in retail are misconceived and unfortunate.&hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&rdquo;<br /><br />The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&rdquo;<br /><br />Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.<br /><br />&ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&rdquo; they added.</div>               </font>
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-The Telegraph
</p>
<p>
&nbsp;
</p>
<div align="justify">
Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &ldquo;misconceived and unfortunate&rdquo; protests against foreign investment in retail &mdash; a decision they termed &ldquo;an essential part of India&rsquo;s growth story&rdquo;.<br />
<br />
The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.<br />
<br />
This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&rsquo;s initiative to &ldquo;act&rdquo; and expresses alarm at the &ldquo;chaos&rdquo; that followed.<br />
<br />
Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&rdquo;.<br />
<br />
They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.<br />
<br />
&ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&rdquo; the two eminences grises of corporate India said in their open letter.<br />
<br />
&ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&rdquo; they said.<br />
<br />
The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &ldquo;suspended&rdquo; until it is able to drum up sufficient consensus.<br />
<br />
Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &ldquo;Hopefully.&rdquo;<br />
<br />
In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.<br />
<br />
The earlier epistles were signed by several other leaders of India Inc.<br />
<br />
In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &ldquo;stem the slowdown, increase investments, bring in new reforms&rdquo;.<br />
<br />
&ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&rdquo; they said.<br />
<br />
Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &ldquo;The protests on FDI in retail are misconceived and unfortunate.&hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&rdquo;<br />
<br />
The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&rdquo;<br />
<br />
Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.<br />
<br />
&ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&rdquo; they added.
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-The Telegraph


&nbsp;


Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &ldquo;misconceived and unfortunate&rdquo; protests against foreign investment in retail &mdash; a decision they termed &ldquo;an essential part of India&rsquo;s growth story&rdquo;.

The concerns...',
	'disp' => '<p>-The Telegraph</p><p>&nbsp;</p><div align="justify">Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &ldquo;misconceived and unfortunate&rdquo; protests against foreign investment in retail &mdash; a decision they termed &ldquo;an essential part of India&rsquo;s growth story&rdquo;.<br /><br />The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.<br /><br />This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&rsquo;s initiative to &ldquo;act&rdquo; and expresses alarm at the &ldquo;chaos&rdquo; that followed.<br /><br />Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&rdquo;.<br /><br />They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.<br /><br />&ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&rdquo; the two eminences grises of corporate India said in their open letter.<br /><br />&ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&rdquo; they said.<br /><br />The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &ldquo;suspended&rdquo; until it is able to drum up sufficient consensus.<br /><br />Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &ldquo;Hopefully.&rdquo;<br /><br />In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.<br /><br />The earlier epistles were signed by several other leaders of India Inc.<br /><br />In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &ldquo;stem the slowdown, increase investments, bring in new reforms&rdquo;.<br /><br />&ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&rdquo; they said.<br /><br />Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &ldquo;The protests on FDI in retail are misconceived and unfortunate.&hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&rdquo;<br /><br />The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&rdquo;<br /><br />Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.<br /><br />&ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&rdquo; they added.</div>',
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	'title' => 'Business asks farmers to speak up against FDI ‘false drama’',
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-The Telegraph
</p>
<p>
&nbsp;
</p>
<div align="justify">
Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &ldquo;misconceived and unfortunate&rdquo; protests against foreign investment in retail &mdash; a decision they termed &ldquo;an essential part of India&rsquo;s growth story&rdquo;.<br />
<br />
The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.<br />
<br />
This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&rsquo;s initiative to &ldquo;act&rdquo; and expresses alarm at the &ldquo;chaos&rdquo; that followed.<br />
<br />
Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&rdquo;.<br />
<br />
They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.<br />
<br />
&ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&rdquo; the two eminences grises of corporate India said in their open letter.<br />
<br />
&ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&rdquo; they said.<br />
<br />
The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &ldquo;suspended&rdquo; until it is able to drum up sufficient consensus.<br />
<br />
Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &ldquo;Hopefully.&rdquo;<br />
<br />
In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.<br />
<br />
The earlier epistles were signed by several other leaders of India Inc.<br />
<br />
In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &ldquo;stem the slowdown, increase investments, bring in new reforms&rdquo;.<br />
<br />
&ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&rdquo; they said.<br />
<br />
Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &ldquo;The protests on FDI in retail are misconceived and unfortunate.&hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&rdquo;<br />
<br />
The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&rdquo;<br />
<br />
Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.<br />
<br />
&ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&rdquo; they added.
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-The Telegraph


&nbsp;


Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &ldquo;misconceived and unfortunate&rdquo; protests against foreign investment in retail &mdash; a decision they termed &ldquo;an essential part of India&rsquo;s growth story&rdquo;.

The concerns...'
$disp = '<p>-The Telegraph</p><p>&nbsp;</p><div align="justify">Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by &ldquo;misconceived and unfortunate&rdquo; protests against foreign investment in retail &mdash; a decision they termed &ldquo;an essential part of India&rsquo;s growth story&rdquo;.<br /><br />The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC.<br /><br />This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government&rsquo;s initiative to &ldquo;act&rdquo; and expresses alarm at the &ldquo;chaos&rdquo; that followed.<br /><br />Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the &ldquo;false drama of apprehension against investment and modernising trade in agriculture and consumer goods&rdquo;.<br /><br />They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail.<br /><br />&ldquo;There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,&rdquo; the two eminences grises of corporate India said in their open letter.<br /><br />&ldquo;A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,&rdquo; they said.<br /><br />The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being &ldquo;suspended&rdquo; until it is able to drum up sufficient consensus.<br /><br />Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: &ldquo;Hopefully.&rdquo;<br /><br />In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms.<br /><br />The earlier epistles were signed by several other leaders of India Inc.<br /><br />In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government &ldquo;stem the slowdown, increase investments, bring in new reforms&rdquo;.<br /><br />&ldquo;But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,&rdquo; they said.<br /><br />Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. &ldquo;The protests on FDI in retail are misconceived and unfortunate.&hellip; What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.&rdquo;<br /><br />The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. &ldquo;It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business &mdash; margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.&rdquo;<br /><br />Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre&rsquo;s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain.<br /><br />&ldquo;Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,&rdquo; they added.</div>'
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Business asks farmers to speak up against FDI ‘false drama’

-The Telegraph   Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by “misconceived and unfortunate” protests against foreign investment in retail — a decision they termed “an essential part of India’s growth story”. The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former chairperson of Hindustan Lever (now Unilever India) while Parekh is chairperson of HDFC. This is the third open letter that the two stalwarts of India Inc have written but it reflects a significant change. Unlike the earlier letters that dealt with concern over corruption and an inclement investment climate, the latest one acknowledges the government’s initiative to “act” and expresses alarm at the “chaos” that followed. Ganguly and Parekh urged farmers, consumers and the common people to raise their voices against the “false drama of apprehension against investment and modernising trade in agriculture and consumer goods”. They said a bigger crisis than the slowdown in the economy was the way sacred institutions like Parliament were unable to function because of the strident protests against FDI in retail. “There are 32 bills in this winter session of Parliament for consideration and passing, many of which are of far greater consequence and importance for the country than FDI in retail,” the two eminences grises of corporate India said in their open letter. “A democracy encourages openness and permits dissent, but perennial disarray and disruption is sacrilegious... the more important question is how should some semblance of order be restored in Parliament,” they said. The government has told key ally Mamata Banerjee, who has been opposing FDI in multi-brand retail, that the decision is being “suspended” until it is able to drum up sufficient consensus. Asked if Parliament would function normally from Wednesday, Prime Minister Manmohan Singh said this evening: “Hopefully.” In an open letter to the Prime Minister in January, Ganguly and Parekh had expressed anguish over corruption scandals and a perceived governance deficit. They wrote another letter in October in which the government was urged to cobble measures to improve the economic and investment climate and push through reforms. The earlier epistles were signed by several other leaders of India Inc. In their latest letter, Ganguly and Parekh said no one had objected when corporate India protested against poor governance and demanded that the government “stem the slowdown, increase investments, bring in new reforms”. “But when the government began to act, what have we but chaos and adjournments over a decision to allow foreign direct investment (FDI) in retail,” they said. Ganguly and Parekh pointed out that the decision on relaxing FDI rules in retail had not been sprung on the legislators suddenly, having been debated for over 14 years. “The protests on FDI in retail are misconceived and unfortunate.… What is intriguing and bewildering is that the false alarm of FDI is continuing to be used after so many years, as a bogey in modern times against foreigners and foreign investment.” The letter sought to rubbish the argument that the decision to open up organised retailing would wipe out the small groceries. “It is illusory to believe that the market will be flooded with FDI. Retailing is not an easy business — margins are thin, large parcels of real estate are not easily available and the supply chain logistics ranging from warehousing, cold storage to transportation pose a major challenge.” Ganguly and Parekh attempted to address the concerns raised by chief ministers like Mamata. They said the Centre’s role in retail FDI was minimal. The state governments had the final say since a maze of legislation from the Shops and Establishments Act to the Agriculture Produce Market Committees Act was in their domain. “Progressive states that wish to attract FDI in retail will encourage investments and vice versa. Either way, the fruits of organised retailing will not happen overnight, but will take several years,” they added.