-The Economic Times India's food inflation eased to a four-month low in the week to 19 November as vegetables, cereals and eggs turned cheaper. The decline in the reading for the fourth consecutive week came as a respite to the government struggling to recover from a string of recent bad tidings. Data released by the commerce and industry ministry on Thursday showed the wholesale price index for food articles rose 8% year-on-year,...
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Cong’s big chance and threat by Manini Chatterjee
The Congress today appears besieged and beleaguered with key allies and even members from its own ranks lining up behind the combined Opposition in vehemently opposing the Manmohan Singh government’s decision to allow FDI in multi-brand retail. But, paradoxically, this state of siege — reflected by the prolonged deadlock in Parliament with a quasi no-confidence motion hanging over it — also gives the Grand Old Party a great opportunity not just...
More »Modi-led panel of CMs had suggested organized retail in report to PM
-The Times of India Promotion of organized retail and contract farming to improve farm production and modernize the agriculture supply chain as well as direct marketing initiatives are among the highlights of the report on consumer affairs prepared by a group of chief ministers chaired by Gujarat CM Narendra Modi. In a report submitted to Prime Minister Manmohan Singh in March, the committee headed by Modi prioritized reducing farm gate to retail...
More »FDI in retail: Farmer bodies throw their weight behind retail FDI by Sutanuka Ghosal & Nidhi Nath Srinivas
Large farm lobbies are backing the government's decision to allow foreign supermarkets to set up shop in the country, saying it will shorten the supply chain and get growers a larger share of the final selling price. Most farmers, however, want the government to go a step further and make it mandatory for retailers to buy 75% of their produce directly from farmers, bypassing the restrictive 'mandi' auction system. "Traders and middlemen...
More »Mart liberalisation scales Trinamul wall
-The Telegraph The cabinet today unlocked the retail market for foreign direct investment, braving the Trinamul Congress’s objections but assuring Mamata Banerjee earlier in the day that state governments would have enough leeway to protect the interests of farmers. The most significant of today’s decisions is the clearance to 51 per cent foreign investment in multi-brand retail, which will allow the entry of giants that are already household names in a country...
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