-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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India to be ranked 3rd largest Internet market after China and the US by Harsimran Julka
By the end of this year, one in every 10 Indians will be an Internet user, making the country the third-largest Internet market in the world after Chinaand the United States. At the end of December, 121 million Indians will be accessing the Internet at least once a week to check emails, chat or log on to a social network, a survey has found. India is adding Internet users at the...
More »Government set to make 4 per cent of its yearly buy from dalit firms, boost MSME sector by Sidhartha & Subodh Ghildiyal
The Centre is set to make it compulsory for 4% of its annual purchases to be made from units run by dalits and tribals in what will be its strongest bait for classes that hold the key to political battles at the Centre and states. A rough estimate of the proposed spending comes to Rs 25,000 crore. Preferential procurement has been an early poll promise of UPA and its delivery...
More »Govt may mandate procurement from Dalit-run firms by Sidhartha & Subodh Ghildiyal
The Centre is set to make it compulsory that 4% of its annual purchases be made from the units run by dalits and tribals, in what will be its strongest bait for classes which hold the key to political battles at the Centre and states. The 4% purchase quota proposal from ministry of micro, small and medium enterprises (MSME) is part of the policy that 20% of government procurement be...
More »Jobless growth again?
While the recent sporadic performance of the Indian manufacturing sector has justifiably evoked both concern and comment, another well-documented facet has not received commensurate attention. Organised sector manufacturing in India turned capital intensive in the 1990s and the trend continues inexorably. Research by Business Standard indicates that India Inc added over Rs 13 trillion in fixed assets over the past decade, with over 80 per cent of this accretion since...
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