Global experience in retail trading by MNCs does not tally with the presumptions on which the UPA government's FDI policy is based. IN the course of the debate on the need to permit foreign direct investment in retail in India, two arguments have been advanced often. The first argument is that large organised retail is good for not just consumers, who would benefit from lower prices owing to cost efficiencies...

In U.P., where 70 per cent of the people depend on agriculture, FDI in retail does not produce any cheer. ON a misty Monday morning in early December in Muradnagar, a small town in western Uttar Pradesh, numerous tractors and trucks, loaded with jaggery and driven by farmers themselves, lined up in front of the smallest grain mandi (market) of the region. With unusual patience, the drivers waited for their...

Employment Guarantee Scheme experts in the state have slammed Union agriculture minister Sharad Pawar’s proposal of giving a break of three months to the scheme during the farming season every year. Activists claimed that the Pawar’s own state has been implementing this suggestions for years now. The proposal also has been termed as ‘pro-capitalist and pro- industrialist’ by critics. Pawar, in his letter to the prime minister, had suggested that since the...

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...

Remember the over 100 farmhouse plots allotted in Noida measuring at least 10,000 sq m each without an auction or a draw of lots, including two to Supreme Court advocate Shanti Bhushan and his son Jayant Bhushan? An audit has now found that not only was there no transparency in the allotment of these plots — 101 in all — but that the Noida Authority had fixed a very low rate,...