Indian suppliers must be units with investment up to Rs 1.25 cr, says draft before cabinet. Multinational retailers such as Walmart, Tesco and Carrefour looking to open stores in the country may have to source almost a third of their merchandise from small Indian manufacturers as the government tries to make the opening of multi-brand retail to foreign players more politically palatable. The draft cabinet note for permitting 51 per cent foreign...
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National Food Security Bill to be affected by lack of human resources by Devika Banerji
The government's ambitious Socio-economic and Caste Census 2011, the bedrock for many social schemes, is facing a human resource crisis that is likely to delay not only the survey, but also many big-ticket electoral promises of the UPA government, such as the National Food Security Bill. To salvage the situation, the rural development ministry, which is executing the census through state governments, recently approached the Registrar General of India (RGI) for...
More »Poverty survey to miss deadline by Basant Kumar Mohanty
A survey to identify the country’s poor looks set to miss its December 2011 deadline since it has not even started in 20-odd states, including Bengal. The “socio-economic caste census” is being conducted by the rural development ministry, urban housing and poverty alleviation ministry, and the registrar-general of India. One reason that a rural development ministry official cited for the delay is Bharat Electronics Limited’s failure to supply enough low-cost tablet computers...
More »Finance Ministry approves changes in Food Security Bill
-The Hindu The Finance Ministry had approved the changes in the draft National Food Security Bill that were incorporated after taking the views of the Department of Women and Child Development as well as those posted on the Food Ministry's website, Minister of State for Food and Public Distribution K.V. Thomas said on Thursday. The Ministry would soon bring to the Cabinet a revised draft after incorporating the comments of the Ministries...
More »Cabinet may consider proposal to allow 51% FDI in multi-brand retail
-The Economic Times The cabinet will shortly consider a proposal to allow 51% foreign direct investment (FDI) in multi-brand retail, as the government finally musters the will to implement the controversial policy measure that has been stalled for years. The commerce and industry ministry has prepared a note for the cabinet to allow 51% FDI in multi-brand retail and increase the limit on single-brand retail to 100% from the current 51%....
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