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: 150
 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
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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\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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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: 151
 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::index() - APP/Controller/ArtileDetailController.php, line 151
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 97
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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        LATEST NEWS UPDATES | Goodbye to reform?    </title>
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-The Business Standard


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The to-do over retail FDI signals that the political class is anti-reform





The political drama over the opening up of the retail sector to foreign investment is significant, not on account of whatever might happen to the immediate issue,..."/>
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-The Business Standard


&nbsp;


The to-do over retail FDI signals that the political class is anti-reform





The political drama over the opening up of the retail sector to foreign investment is significant, not on account of whatever might happen to the immediate issue,..." />
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                            <div style="text-align: justify">-The Business Standard</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify"><em>The to-do over retail FDI signals that the political class is anti-reform</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The political drama over the opening up of the retail sector to foreign investment is significant, not on account of whatever might happen to the immediate issue, but for what it says about the prospects of any kind of economic reform. In and of itself, the opening up of the retail sector is not hugely important, except as a signal that the government is still capable of taking decisions. This is not a time when businesses in the West is looking to make large investments anywhere. Retailers in many countries (like France&rsquo;s Carrefour, which so far has opened all of one outlet in India) have troubles in their home markets, which are not buoyant.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The conditions for entry into India are onerous &mdash; you cannot go in step by step but have to commit the equivalent of Rs 500 crore up front, invest half of it in backend facilities, buy 30 per cent of throughput from small and medium enterprises, and have access to only half of the large cities in the country, where real estate costs are unnaturally high. Single-brand retailers like Ikea may be more likely to take the plunge. In short, anyone who thinks that Walmart, Tesco, Metro and the others are about to throw millions out of jobs and shut down thousands of small retail outlets is indulging in scare scenarios far removed from reality. Bata, please remember, has been in existence for decades but most Indians buy their shoes elsewhere. Reliance, Bharti, Birla and Tata are all in the retail business already, and they don&rsquo;t have the restrictions stipulated for foreign retailers who might want to come in; so why don&rsquo;t these Indian corporate giants pose a threat to small retailers? The blunt truth is there is a lot of humbug being dished out, not least by the duplicitous Bharatiya Janata Party, which was in favour of opening it up in 2004 (when it saw itself as the party of government). In 2009, after it had become the party in opposition, it reversed its position.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The real message is that it has become impossible to reform India. If an innocuous decision on retail creates near-unanimous opposition, including from members of the ruling alliance and important people in the Congress itself, what prospects can there possibly be for labour reform, or cutting out the waste in all the government boondoggles dished out in the name of poverty alleviation? Jairam Ramesh as the minister for rural development may target Uttar Pradesh for waste and scams in government programmes, but everyone knows that the problem is not confined to one state; yet, without reforming delivery systems, the government is busy thinking up yet more boondoggles. The result is a fiscal mess that cannot be cleaned up, in part because every economic issue becomes the subject of competitive political posturing, and long-overdue initiatives like the goods and services tax are stuck in Centre-state parleys. The larger message is that India&rsquo;s political class has no time for economic reform, and no understanding of the need for it in an uncertain world where China becomes more powerful day by day on the strength of its superior economic performance. Talk of short-sighted political elites.</div>                                                           
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    <br><a href="http://www.business-standard.com/india/news/goodbye-to-reform/457056/" class="re" target="_blank">The Business Standard, 30 November, 2011, http://www.business-standard.com/india/news/goodbye-to-reform/457056/</a><div class="clear"></div>
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The to-do over retail FDI signals that the political class is anti-reform





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The to-do over retail FDI signals that the political class is anti-reform





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    <h1 class="cat-box-title">Goodbye to reform?</h1>
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                            <div style="text-align: justify">-The Business Standard</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify"><em>The to-do over retail FDI signals that the political class is anti-reform</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The political drama over the opening up of the retail sector to foreign investment is significant, not on account of whatever might happen to the immediate issue, but for what it says about the prospects of any kind of economic reform. In and of itself, the opening up of the retail sector is not hugely important, except as a signal that the government is still capable of taking decisions. This is not a time when businesses in the West is looking to make large investments anywhere. Retailers in many countries (like France&rsquo;s Carrefour, which so far has opened all of one outlet in India) have troubles in their home markets, which are not buoyant.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The conditions for entry into India are onerous &mdash; you cannot go in step by step but have to commit the equivalent of Rs 500 crore up front, invest half of it in backend facilities, buy 30 per cent of throughput from small and medium enterprises, and have access to only half of the large cities in the country, where real estate costs are unnaturally high. Single-brand retailers like Ikea may be more likely to take the plunge. In short, anyone who thinks that Walmart, Tesco, Metro and the others are about to throw millions out of jobs and shut down thousands of small retail outlets is indulging in scare scenarios far removed from reality. Bata, please remember, has been in existence for decades but most Indians buy their shoes elsewhere. Reliance, Bharti, Birla and Tata are all in the retail business already, and they don&rsquo;t have the restrictions stipulated for foreign retailers who might want to come in; so why don&rsquo;t these Indian corporate giants pose a threat to small retailers? The blunt truth is there is a lot of humbug being dished out, not least by the duplicitous Bharatiya Janata Party, which was in favour of opening it up in 2004 (when it saw itself as the party of government). In 2009, after it had become the party in opposition, it reversed its position.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The real message is that it has become impossible to reform India. If an innocuous decision on retail creates near-unanimous opposition, including from members of the ruling alliance and important people in the Congress itself, what prospects can there possibly be for labour reform, or cutting out the waste in all the government boondoggles dished out in the name of poverty alleviation? Jairam Ramesh as the minister for rural development may target Uttar Pradesh for waste and scams in government programmes, but everyone knows that the problem is not confined to one state; yet, without reforming delivery systems, the government is busy thinking up yet more boondoggles. The result is a fiscal mess that cannot be cleaned up, in part because every economic issue becomes the subject of competitive political posturing, and long-overdue initiatives like the goods and services tax are stuck in Centre-state parleys. The larger message is that India&rsquo;s political class has no time for economic reform, and no understanding of the need for it in an uncertain world where China becomes more powerful day by day on the strength of its superior economic performance. Talk of short-sighted political elites.</div>                                                           
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    <br><a href="http://www.business-standard.com/india/news/goodbye-to-reform/457056/" class="re" target="_blank">The Business Standard, 30 November, 2011, http://www.business-standard.com/india/news/goodbye-to-reform/457056/</a><div class="clear"></div>
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The to-do over retail FDI signals that the political class is anti-reform





The political drama over the opening up of the retail sector to foreign investment is significant, not on account of whatever might happen to the immediate issue,..."/>
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    <h1 class="cat-box-title">Goodbye to reform?</h1>
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                            <div style="text-align: justify">-The Business Standard</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify"><em>The to-do over retail FDI signals that the political class is anti-reform</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The political drama over the opening up of the retail sector to foreign investment is significant, not on account of whatever might happen to the immediate issue, but for what it says about the prospects of any kind of economic reform. In and of itself, the opening up of the retail sector is not hugely important, except as a signal that the government is still capable of taking decisions. This is not a time when businesses in the West is looking to make large investments anywhere. Retailers in many countries (like France&rsquo;s Carrefour, which so far has opened all of one outlet in India) have troubles in their home markets, which are not buoyant.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The conditions for entry into India are onerous &mdash; you cannot go in step by step but have to commit the equivalent of Rs 500 crore up front, invest half of it in backend facilities, buy 30 per cent of throughput from small and medium enterprises, and have access to only half of the large cities in the country, where real estate costs are unnaturally high. Single-brand retailers like Ikea may be more likely to take the plunge. In short, anyone who thinks that Walmart, Tesco, Metro and the others are about to throw millions out of jobs and shut down thousands of small retail outlets is indulging in scare scenarios far removed from reality. Bata, please remember, has been in existence for decades but most Indians buy their shoes elsewhere. Reliance, Bharti, Birla and Tata are all in the retail business already, and they don&rsquo;t have the restrictions stipulated for foreign retailers who might want to come in; so why don&rsquo;t these Indian corporate giants pose a threat to small retailers? The blunt truth is there is a lot of humbug being dished out, not least by the duplicitous Bharatiya Janata Party, which was in favour of opening it up in 2004 (when it saw itself as the party of government). In 2009, after it had become the party in opposition, it reversed its position.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The real message is that it has become impossible to reform India. If an innocuous decision on retail creates near-unanimous opposition, including from members of the ruling alliance and important people in the Congress itself, what prospects can there possibly be for labour reform, or cutting out the waste in all the government boondoggles dished out in the name of poverty alleviation? Jairam Ramesh as the minister for rural development may target Uttar Pradesh for waste and scams in government programmes, but everyone knows that the problem is not confined to one state; yet, without reforming delivery systems, the government is busy thinking up yet more boondoggles. The result is a fiscal mess that cannot be cleaned up, in part because every economic issue becomes the subject of competitive political posturing, and long-overdue initiatives like the goods and services tax are stuck in Centre-state parleys. The larger message is that India&rsquo;s political class has no time for economic reform, and no understanding of the need for it in an uncertain world where China becomes more powerful day by day on the strength of its superior economic performance. Talk of short-sighted political elites.</div>                                                           
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    <br><a href="http://www.business-standard.com/india/news/goodbye-to-reform/457056/" class="re" target="_blank">The Business Standard, 30 November, 2011, http://www.business-standard.com/india/news/goodbye-to-reform/457056/</a><div class="clear"></div>
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Goodbye to reform?

Published on Nov 30, 2011   Modified on Nov 30, 2011

-The Business Standard   The to-do over retail FDI signals that the political class is anti-reform The political drama over the opening up of the retail sector to foreign investment is significant, not on account of whatever might happen to the immediate issue, but for what it says about the prospects of any kind of economic reform. In and of itself, the opening up of the retail sector is not hugely important, except as a signal that the government is still capable of taking decisions. This is not a time when businesses in the West is looking to make large investments anywhere. Retailers in many countries (like France’s Carrefour, which so far has opened all of one outlet in India) have troubles in their home markets, which are not buoyant. The conditions for entry into India are onerous — you cannot go in step by step but have to commit the equivalent of Rs 500 crore up front, invest half of it in backend facilities, buy 30 per cent of throughput from small and medium enterprises, and have access to only half of the large cities in the country, where real estate costs are unnaturally high. Single-brand retailers like Ikea may be more likely to take the plunge. In short, anyone who thinks that Walmart, Tesco, Metro and the others are about to throw millions out of jobs and shut down thousands of small retail outlets is indulging in scare scenarios far removed from reality. Bata, please remember, has been in existence for decades but most Indians buy their shoes elsewhere. Reliance, Bharti, Birla and Tata are all in the retail business already, and they don’t have the restrictions stipulated for foreign retailers who might want to come in; so why don’t these Indian corporate giants pose a threat to small retailers? The blunt truth is there is a lot of humbug being dished out, not least by the duplicitous Bharatiya Janata Party, which was in favour of opening it up in 2004 (when it saw itself as the party of government). In 2009, after it had become the party in opposition, it reversed its position. The real message is that it has become impossible to reform India. If an innocuous decision on retail creates near-unanimous opposition, including from members of the ruling alliance and important people in the Congress itself, what prospects can there possibly be for labour reform, or cutting out the waste in all the government boondoggles dished out in the name of poverty alleviation? Jairam Ramesh as the minister for rural development may target Uttar Pradesh for waste and scams in government programmes, but everyone knows that the problem is not confined to one state; yet, without reforming delivery systems, the government is busy thinking up yet more boondoggles. The result is a fiscal mess that cannot be cleaned up, in part because every economic issue becomes the subject of competitive political posturing, and long-overdue initiatives like the goods and services tax are stuck in Centre-state parleys. The larger message is that India’s political class has no time for economic reform, and no understanding of the need for it in an uncertain world where China becomes more powerful day by day on the strength of its superior economic performance. Talk of short-sighted political elites.

The Business Standard, 30 November, 2011, http://www.business-standard.com/india/news/goodbye-to-reform/457056/

Tagged with: FDI Retail

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