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...
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Misplaced obsession
-The Hindu In a show of audacity, the United Progressive Alliance government has decided to further open up the retail trade sector to foreign investment. Foreign investors will be permitted to enter the hitherto prohibited multi-brand retail segment and hold equity of up to 51 per cent in the units established. That there is widespread political opposition to this change in policy was known for long. Hence, the move is nothing...
More »Climate change dialogue at Durban keenly poised by Arvind Gupta
The 17th Conference of Parties (COP) under the UN Framework Convention on Climate Change (UNFCC) is being held in Durban, South Africa, from November 28 to December 9, 2011. Urgent action is required to arrest the inexorable rise in global CO2 emissions. What are the issues before this important international meeting on Climate Change? The last meeting of the COP was held in Cancun, Mexico, in December 2010. The 17th COP will...
More »The most precious of all freedoms by AP Shah
Indian courts have consistently upheld and championed the fundamental right to free speech and expression enshrined in the Constitution. This includes the right to put forward different and contrary views, right or wrong. A recent instance saw the Supreme Court of India striking down Uttar Pradesh's ban on the film Aarakshan. This article by A.P. Shah, retired Chief Justice of the Madras and Delhi High Courts, sets out key issues...
More »BJP warns of FDI protests
-The Telegraph The BJP has slammed the Centre’s move to allow FDI in multi-brand retail, alleging this would destroy self-employment, create monopolies, facilitate foreign takeover of farming units and impair local manufacturing. Sources in the BJP, which has a following among small and medium traders who own the most of the mom-and-pop “kirana” shops, warned that this section would start an agitation as the Centre’s decision amounted to the “Wal-Martisation” of India. The...
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