Indian traders reject FDI in multi-brand retail and emphasise the need for a policy to regulate the labour-intensive sector. TRADERS across the country responded angrily to the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail trade, disproving the arguments of the United Progressive Alliance (UPA) government and the assessment of corporate India, which had tried hard to make it appear that traders and...

-The Economic Times   Jairam Ramesh may have stirred up a hornet's nest when he, as environment minister, complained of MPs indulging in conflict of interest by lobbying for environmental projects, but a look at the Register of Interest of Rajya Sabha members proves how MPs have managed to find a place in many House panels despite having business interests in the sectors concerned. According to the register of interest, made public...

-The Telegraph   The government has listed the Lokpal bill for discussion and passage during the winter session of Parliament but has failed to line up the land acquisition bill though an unscheduled introduction is not ruled out. Both bills had gone to House standing committees around the same time after the monsoon session of Parliament, and both hold electoral significance for the Congress. Failure to get the Lokpal bill passed in the November...

The Serious Fraud Investigation Office (SFIO) will have powers to investigate and prosecute corporate entities under the Companies Bill, 2011, expected to be cleared by the Union Cabinet before Diwali.  The bill also envisages rotation of company auditors for higher accountability, corporate social responsibility, a more effective regulation of related party transactions and stricter provisions to prevent siphoning of funds through subsidiary and associate companies.  The government expects the bill to modernise,...

-NDTV Profit   Some of India’s biggest and most-respected entrepreneurs have released an open letter to the government. The group which includes Wipro’s Azim Premji, Anu Aga of Thermax and HDFC's Deepak Parekh, refers to the anti-corruption Lokpal Bill that is meant to be introduced soon in Parliament. The industrialists write, “The Lokpal Bill is only one small but critical step in the national task of weeding out the plague of corruption...