The battle for India’s retail market is being fought not just in the halls of Parliament and on the front pages of newspapers but also on the little stretch of road near my home in Mumbai, where Colaba Causeway peters out into Navy Nagar. The outsize name board, “Patel General Stores”, had proudly announced itself for as long as I can remember. Recently, however, I noticed that the board had been...

Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...

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...

Markandey Katju's forthright comments on the state of the Indian news media and the intellectual competence of many journalists have certainly raised many hackles. One does not have to agree with everything the chairman of the Press Council of India diagnoses or prescribes to see that his observations have hit home. Nor are his concerns confined to how and in what respects journalism and many journalists go astray and let...

Five days after writing to Sena working president Uddhav Thackeray, RTI activists denounced the private member bill introduced by a Sena MP to make amendments to the RTI Act. They also pledged to initiate a mass campaign against any amendment that would dilute the RTI Act at a public meeting. On Monday, activists wrote to Sena president and e-mailed his son Aditya, asking both to ensure that their party MP, Bhausaheb Wakchaure,...