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...
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Now, a green cess on petrol, cars? by Mahendra Kumar Singh
Buying and running cars and two-wheelers could soon become a costly affair with a Planning Commission working group suggesting a green surcharge of Rs 2 on every litre of petrol, a green cess of 3% of the annual insured value of all private vehicles and a steep urban transport tax to be collected at the time of purchase of private vehicles. The panel, headed by Delhi Metro chief E Sreedharan, has...
More »FDI in retail BJP's baby, we are trying to nurse it: Pranab
-The Times of India Taking a swipe at the BJP for not backing FDI in retail, finance minister Pranab Mukherjee on Thursday said the government was only trying to nurse the main opposition party's "baby" when it took the decision to allow FDI in retail. Replying to a debate in the Rajya Sabha on price rise, Mukherjee read from a 2004 interview of leader of opposition Arun Jaitley in which the senior...
More »Single-brand FDI map stays, may be step by step now for multi-brand by P Vaidyanathan Iyer
The government is likely to recalibrate its retail foreign investment strategy, while simultaneously trying to bridge the political divide with allies and states. Government sources said with neither the opposition nor the allies, Trinamool and DMK, objecting to 100 per cent FDI in single-brand retail approved by the cabinet, the commerce and industry ministry would work on a notification to operationalise the decision. “Our understanding is we can work on rules for...
More »Laptop scheme exposes gaps in system by Vidya Padmanabhan
The scheme seeks to add a superstructure of digital empowerment without laying an adequate foundation Until recently, S. Dhibeka, 16, who had never used a computer until she chose the computer science stream last year at the aging, leafy Kakkalur Government Higher Secondary School near Chennai, could practise programming for only an hour or two a week, often sharing a desktop computer with one or more of her classmates. But since September,...
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