-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...

-The Telegraph The government today set up a commission of inquiry to identify lapses that may have led to the bus gang rape and “fix responsibility” even as the capital limped back to normal after a violent weekend. Police let vehicles ply on the 2.5km stretch between India Gate and Rajpath, locked down for the past two days since Sunday’s protests. The decision to set up the commission is the latest among several...

-Frontline The Land Acquisition, Resettlement and Rehabilitation Bill is an attempt to circumvent the hurdles before acquisition, such as rehabilitation of land losers, without much increasing the cost of land. THE preamble to the draft Land Acquisition, Resettlement and Rehabilitation (LARR) Bill is very noble; it talks about a “humane, informed, consultative and transparent process for land acquisition for industrialisation, development of essential infrastructural facilities and urbanisation with the least disturbance...

-The Hindustan Times With just three days left before the ongoing winter session winds up, the UPA floor managers are in a hurry to clear its pending legislative agenda. For Tuesday, the government has listed as many as seven bills for discussion and passing. Top government sources indicated that it may list heavy agenda for the remaining two days as well. With a large part of the session already disrupted over the...

-The Indian Express In a major course correction, the 153 amendments that Rural Development Minister Jairam Ramesh is likely to introduce to the Land Acquisition Bill in Lok Sabha on Tuesday includes a watered-down retrospective clause. The cabinet, which met last Thursday, had established the sanctity of awards declared for ongoing land acquisition processes under the existing Land Acquisition Act, 1894 across the country. This was a rejection of Jairam’s proposal to...