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Food inflation at four-year low of 1.8%

-The Business Standard   Economists question veracity of the data; say too early for RBI to cut rates. Food inflation for the week ended December 10 fell to a four-year low of 1.81 per cent, after declining to 4.35 per cent last week. The decline is much sharper than what Chief Economic Advisor Kaushik Basu expected — he had predicted less than three per cent food inflation by early January. What’s more, many...

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West Bengal's missing data

-The Business Standard   A data battle is exciting news for us, almost like what breaking news is to many others. We’ve been closely tracking the ‘Curious Case Of West Bengal’s Missing Numbers’ for a few months now. The case is getting more interesting, almost mysterious, as the results of a Right To Information (RTI) petition filed by ISPR Research Fellow Sourjya Bhowmick with the Ministry of Finance show. A few weeks ago,...

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Give immunity to bribe-giver, punish bribe-taker: Kaushik Basu

-The Indian Express   Pitching for changes in laws to deal with corruption, the Prime Minister's Chief Economic Advisor Kaushik Basu has said bribe-givers should not be penalised in case he has to pay money for getting the work done. In his revised paper to deal with corruption, Basu argued bribe giver could be penalised only if he or she benefits from government contracts. But in that case too, the penalty for bribe...

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Retail FDI confronts twin hurdles by R Suryamurthy

Global retail chains looking to set up shop in India may face several challenges such as delay in the implementation of goods and services tax and restrictions imposed by the Agricultural Produce Marketing Committee (APMC) Act, besides political opposition. These hurdles can be roadblocks in providing real benefits to farmers and consumers as intended by the government in opening the multi-brand retail sector to foreign direct investment. “GST (goods and services tax)...

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UPA opens the door for global retailers

-The Times of India   After debating the issue for over a decade, the government on Thursday threw open the multi-brand retail segment to foreign chains such as Wal-Mart, Carrefour and others in a move to attract overseas investment and dispel doubts about the coalition's ability to push through big-bang reforms.  After nearly two hours of discussion on Thursday evening, the Union Cabinet decided to allow foreign retailers to hold 51% stake in...

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