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FDI in retail: Row over FDI in retail escalates as state governments and UPA allies join opposition

-The Economic Times   The row over opening up of the retail sector escalated on Monday with Congress' Kerala unit backing the rollback demand of 12 Opposition-controlled state governments and UPA allies DMK and Trinamool Congress.  The fissures within the ruling alliance and the potential of the issue to bring disparate Opposition groups together saw Congress president Sonia Gandhi intervening to cut political losses for her party. Sonia, who held consultations with Prime...

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Who is afraid of FDI in retail?

-The Times of India   Given the debate that's raging over opening the retail sector to foreign direct investment, we bring you the government's view, the opposition's objections and TOI's take on the issue. Government argument * Huge investments in the retail sector will see gainful employment opportunities in agro-processing, sorting, marketing, logistics management and front-end retail. * At least 10 million jobs will be created in the next three years in the retail sector. *...

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The retail counter-revolution by CP Chandrasekhar

With deep pockets and international sourcing capabilities, global retail chains will outcompete domestic players, displace jobs, and undermine livelihoods. In predictable fashion, the Manmohan Singh government chose to ignore voices of opposition and implement its agenda of permitting foreign investment in the retail trade. While Parliament was in session, the Cabinet met to approve the hitherto prohibited foreign direct investment in multi-brand retail, with a cap of 51 per cent on...

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The private sector's turn to deliver by Sukhadeo Thorat

The government's decision to set aside a 20 per cent quota for SC/ST vendors in its purchases, if accepted by every sector on a wider scale, has the potential to makegrowth pro-poor and inclusive. The Central government has finally announced a policy reserving 20 per cent of its purchases for micro and small enterprises run by entrepreneurs belonging to the Scheduled Castes and the Scheduled Tribes. The new procurement policy will...

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FDI in retail: Farmers gain, but SMEs & kiranas complain by Sutanuka Ghosal & Madhvi Sally

-The Economic Times   With the entry of foreign supermarket players, farmers across India's six lakh villages stand to gain from greater market access, higher profits, better technology and direct linkage with consumers.  "Direct purchase from farms has hugely benefited small farmers like us who were not getting good returns by selling in the local mandi," said Abdul Majid, from Malerkotla in Punjab, who has been selling vegetables from his one-acre farm to...

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