-Reuters Commerce minister Anand Sharma said on Friday that the government's new policy to allow foreign Supermarkets into the country would create 10 million jobs over three years, while not affecting smaller, domestic retailers. The government on Thursday approved 51 percent foreign direct investment in the supermarket sector, paving the entry of firms such as Wal-Mart, Tesco and Carrefour into one of the world's largest untapped markets. The government will have the first...
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Landless Plan a Long March by Isolda Agazzi
The Gandhian movement Ekta Parishad plans to organise a march for land rights in October 2012 in India, aiming to gather around 100,000 indigenous people, dalits and poor peasants. Support is shaping up around the world, at events such as an international mobilisation conference in Geneva Sep. 12-13. "In India, a large number of adivasi (indigenous people) are pushed out of their land because of mining, huge dams, wildlife protection, industrialisation...
More »More than 1 billion tons of food lost or wasted every year, UN-backed report finds
About a third of all the food produced for human consumption each year – or roughly 1.3 billion tons – is lost or wasted, according to a new study commissioned by the United Nations Food and Agriculture Organization (FAO). The study, compiled by the Swedish Institute for Food and Biotechnology and unveiled today, finds that food waste is more of a problem in rich countries and food loss during production is...
More »Devil In The Retail by Lola Nayar
By all indications, FDI in multi-brand retail is a fait accompli. Or so we have been told time and again by everyone, the PM downward. The “question is at what point of time it should be done”. This remark from Pranab Mukherjee in a post-budget TV interview may have revealed that the debate has moved beyond whether to permit FDI in multi-brand retailing—the lifeline of small- and medium-sized neighbourhood stores....
More »India-EU Deal Threatens Mom-and-Pop Retail by Ranjit Devraj
Retail giants pushing the European Union-India free trade deal promise consumers a "new and dynamic retail experience" but ignore the fate of India’s "mom-and-pop" stores and some 40 million people they employ. Four years in the making, the EU-India Bilateral Trade and Investment Agreement made serious headway during Indian Prime Minister Manmohan Singh’s visit to Brussels Dec. 10 and is due to be signed and sealed early 2011. But the negotiations have...
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