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US retail giant Walmart to source locally in India-Dipti Jain

-The Times of India GURGAON: US retail giant Walmart is planning a series of partnerships with small and mid-level suppliers in India across product categories to create a big list of private label brands that will be priced substantially lower - as much as 10-15% - than established products and brands. The move is part of the company's strategy to go deeper into the Indian market and create cost-effective and efficient...

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Pulses, fish & meat prices surge 15-20% in a month-Sutanuka Ghosal & Madhvi Sally

-The Economic Times KOLKATA/ AHMEDABAD: India's protein basket comprising pulses, egg, meat and fish has become costlier by 15-20 % over the last one month. Producers and traders say lower acreage in pulses, less availability of poultry feed like corn and rising input costs for fish breeding have impacted the stocks of protein food. Eggs, the breakfast protein staple , have become expensive by 20% in the past few weeks. Current retail...

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Let’s not overrate foreign investment -Pulapre Balakrishnan

-The Hindu The government’s claim that it will dampen inflation, bring higher prices for farmers and lower prices for customers may be somewhat exaggerated With the intention of signalling a strong commitment to reforms, the UPA government has announced a hike in the price of diesel and liberalisation of foreign direct investment (FDI) in multi-brand retail, justifying the measures as growth-enhancing and inflation-dampening. They have been termed bold by India’s corporate sector...

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Singh’s Homespun Plea for Liberalizing India -Chandrahas Choudhury

-Bloomberg It wasn't the Gettsyburg Address -- unless it's poker faces we're comparing. Future historians aren't going to be parsing Prime Minister Manmohan Singh's speech for hidden meanings, and rhetoricians won't be delighting in the majesty of its style and the compression of its effects. It inflamed no passions, as did Mitt Romney's words about the "47 percent," and asserted no big idea or thesis, unless there was one contained in the...

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Retail FDI takes effect -Jayanta Roy Chowdhury

-The Telegraph   Wal-Mart Stores Inc — the $446 billion retail behemoth — will be able to open stores in 22 cities across the country after the government notified a press note tonight permitting foreign direct investment up to 51 per cent in multi-brand retailing operations. The press note — which contained clauses that were not spelt out in the controversial press release issued last Friday after the cabinet formally cleared the proposal...

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