-The Times of India An inter-ministerial group (IMG) on inflation has recommended allowing foreign direct investment in multi-product retail as one of the two steps to tame rising prices and cut down the margin between farm gate and retail prices. This is the first formal recommendation by a government panel to allow FDI in the tightly policed and sensitive retail sector. "It is time for India to allow foreign direct investment in...
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Basu pitches for FDI in multi-brand retail to tame inflation
-The Business Standard Concerned over rising inflation, the Inter-Ministerial Group (IMG) today suggested opening up multi-brand retail to foreign investors and changes in agriculture marketing laws to check the rate of price rise. “We are taking a clear position on Foreign Direct Investment (FDI) in multi-brand retail. Of course, it is a recommendation, not policy,” said chief economic advisor and IMG chairman Kaushik Basu. The IMG, he added, favours formulation of a...
More »BPL families to get Rs 400 for kerosene & LPG by Chetan Chauhan
Every family below poverty line may get over Rs 400 per month from the government from April next year in lieu of fuel subsidy for kerosene and liquefied petroleum gas cylinders as part of India's first direct cash transfer scheme. The move, which is expected to be considered by Empowered Group of Ministers (EGoM) on June 9, is aimed at checking use of kerosene for fuel adulteration and reduce financial...
More »Focus on food, not vote by Shankkar Aiyar
The debate over the National Food Security Act has been reduced to a circus for political parties, NGOs and the National Advisory Council to perform verbal calisthenics. The discussion on who is entitled, who is not entitled and who should be entitled has gone on for over two years. The discourse is deteriorating into informed nit-picking. The time for debate is over; the time for decision is overdue. Let us get...
More »Free healthcare for pregnant women
-DNA In an attempt to curb high infant and maternal mortality rate in India, the government has decided to launch scheme from June 1 to provide free healthcare to mothers and children. The Central government has asked the states to ensure free and cashless services to all pregnant women in government hospitals as well as to sick neonates. This includes free drugs, free consumables and diagnostics, free diet during stay and free...
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