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...

-The Indian Express   Having lost around 50 per cent male weavers to migration and schemes such as Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), the carpet industry in Bhadohi and surrounding areas now wants women to be trained as weavers. “Women weavers are more likely to stay put at homes, whether they are married or unmarried. So training them would be good investment,” said secretary All-India Carpet Manufacturers Association, Abdul Hazi. The...

-PTI   India today sought help from Poland, which holds the European Union Presidency, for resolving trade obstacles for Indian agri exports to 27 EU countries. The issue was taken up at a meeting here between Commerce and Industry Minister Anand Sharma and visiting Polish Foreign Minister Radoslaw Sikorski. "The EU can play an important role in resolving several of our market access issues with the EU including in respect of arbitrary SPS (Sanitary...

Swami Ramdev is a yoga instructor in saffron robes; he walks on wooden sandals and has an elastic body, an involuntary wink, flowing black hair and a full beard. He claims to have renounced worldly pleasures, but that excludes flying in private jets. He is at the helm of a thriving business in traditional treatments, herbal products, media and textiles that is worth at least hundreds of millions of dollars. Nebulous...

There is a suggestion circulating in the corridors of our apex monetary regulatory authority, the Reserve Bank of India, that food inflation is beginning to look more ‘structural’ than ‘seasonal’, and it can only be tackled by addressing the supply side. We need to address both demand and supply sides simultaneously to tackle food inflation. While we must be happy that more and more poor eat fruits and cook vegetables...