-The Business Standard FDI in multi-brand retailing could be reversed if the party forms govt; India Inc seeks review of manifesto The Bharatiya Janata Party manifesto decision to oppose foreign direct investment in supermarkets has made the sector more wary. The United Progressive Alliance' policy to allow 51 per cent FDI in multi-brand retail in September 2012 could be reversed if the BJP comes to power at the Centre. "The policy can be...
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Growth is not a victim of the UPA, it is the other way round -Maitreesh Ghatak and Parikshit Ghosh
-The Hindustan Times If the opinion polls are to be believed, the UPA is facing a rout in the coming Lok Sabha elections. One explanation, popular in the media, goes something like this: The UPA faces voter wrath because it destroyed growth. The economy has paid a price for bad governance and expensive welfare schemes. If you look at data for the last two years, this view will find some support....
More »Election spending to push up GDP numbers by 0.3%
-The Indian Express Candidates are expected to spend up to R11,000 crore collectively Election spending by candidates and the state machinery for the upcoming General Elections is expected to bring about only a marginal rise in the GDP growth of the world's largest democracy. Poll expenditure, which is estimated to touch Rs 11,000 crore by candidates in the country's 543 Lok Sabha constituencies could increase the country's gross domestic product by about...
More »Bihar, Gujarat low on spending inequality: study -Chetan Chauhan
-The Hindustan Times As parties gear up for polls, India's two most talked about non-Congress ruled states - Gujarat and Bihar - have been rated as having lesser spending inequality as compared to most other states of the country. A new government study ranks Gujarat as the state having least inequality in urban areas except four north-eastern states of Manipur, Meghalaya, Nagaland and Mizoram. For rural areas, Bihar earns the top slot...
More »Rs 30,000 crore stimulus to economy expected from Poll Spending -Surojit Gupta
-The Times of India NEW DELHI: The country's faltering economy is likely to get a significant stimulus from election spending by political parties, candidates and the government which estimates suggest could be as much as Rs 30,000 crore. The figure is comparable to the $4 billion (around Rs 20,000 crore at the prevailing exchange rate) additional spending that the government announced in 2008 to shield the economy from the impact of the...
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