Antony, Jairam and Virbhadra say it will hit small retailers badly The United Progressive Alliance government pushed through the proposal to permit 51% FDI in multi-brand retail and 100% foreign Equity in single-brand trading on Thursday, in the face of vigorous protests not just from the Opposition and ally Trinamool Congress (TMC), but also disquiet in a section of the Congress. Following up on this, the Congress Core Group met here on...

The climate change negotiations are deadlocked because of a basic difference of approach. Developing countries are calling for enhanced implementation of existing agreements, while developed countries are insisting on a new agreement that would shift a large share of their obligations to the shoulders of developing countries, particularly the ‘newly emerging economies’ like India and China. The European Union is calling for negotiations on a new agreement to replace the...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

Exact math used by the government’s auditor in its calculation of losses and the process it followed still unclear The Comptroller and Auditor General of India (CAG) may have taken a cue from the Public Accounts Committee (PAC) while calculating losses arising from the improper allocation of second-generation spectrum to telecom companies in 2008 (or the so-called 2G scam), according to documents reviewed by Mint. This is not to suggest that the...

-The Hindu   The High Level Expert Group of the Planning Commission on Universal Health Coverage for India has laid out a clear road map: it is to provide access to affordable, accountable, and appropriate health services for all citizens in a meaningful time frame. Free India adopted the goal of preventive and curative care for all, as recommended by the Bhore Committee in 1946. But it faltered and failed to raise...