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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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Retail FDI-for people or MNCs? -Shekhar Swamy

-The Hindu Business Line A system that generates wealth and jobs for millions will be replaced by retail giants with the pricing power to squeeze farmers and consumers. The UPA Government announced its policy last week, of inviting big multinational retailers to come and take over the Indian market. Predictably, the pro-lobby that has worked behind the scenes has expressed delight. Oddly, the words and concerns of the masses who are about to...

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Basudeb Acharia, Chairman of the Parliamentary Standing Committee on Agriculture interviewed by Gargi Parsai

-The Hindu The debate on the pros and cons of genetically engineered/modified crops is universal. In India, in the face of vociferous protests, the controversy has only deepened leading to a moratorium on cultivation of Bt Brinjal crop — the first GM food crop sought to be commercialised. Gargi Parsai spoke to Basudeb Acharia, Chairman of the Parliamentary Standing Committee on Agriculture, on its new report, “Cultivation of Genetically Modified Food...

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PIL against Walmart for reaching end customers via Bharti Retail

-The Economic Times A social activist has filed a case in the Delhi High Court alleging that the US-based Walmart is carrying retailing to the end consumer through Bharti Retail, a Bharti Enterprises group company.  The high court has sent notices to Bharti Walmart, Bharti Retail as well as the central government, seeking their replies on the petition filed by environmental activist Vandana Shiva. Bharti Walmart is a 50:50 wholesale retail joint...

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PIL against Bharti Walmart, Delhi high court seeks response

-The Times of India The Delhi high court on Wednesday sought replies from the Centre, Bharti Walmart Private Limited and Bharti Retail Limited on a plea for a probe against the firms for allegedly carrying out retail trading in multi-brand sector in violation of India's FDI policy.  A bench of acting Chief Justice AK Sikri and Justice Anil Kumar issued notices to the Centre and the firms on a PIL filed by...

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