-The Economic Times When the country was growing at more than 8 per cent for about a decade, services and manufacturing were the darlings of policy-makers, investors and talking heads. Agriculture, a segment that employs nearly half the hundred crore population of the country, was hardly mentioned even in passing. This year, thanks to a poor monsoon, suddenly the farmers are the centre of India's growth story, or the lack of...
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Walmart plans India stores 'in two years'
-BBC US retail giant Walmart hopes to open its first stores in India within two years, the company's president and CEO for Asia told the Wall Street Journal. Scott Price said they had not yet decided on "where or how many stores" they would have in India. Last week, the Indian government announced plans to open up the retail sector to global supermarket chains. The authorities say the reforms are needed to revive the...
More »Retail firms with FDI can’t sell online
-The Indian Express DIPP officials cite regulatory issues, problems in checking inter-state transactions in e-commerce activities The new rules that allow foreign retail chains to pick up to 51% stake in Indian supermarkets will not apply to e-commerce companies in the business-to-consumer (B2C) space. This means while the US-based retail firm Walmart can pick up a 51% stake in Bharti Retail, the JV firm cannot sell its products online through that entity....
More »CAG to brief PAC on coal issue today
-PTI Sparks are likely to fly in the meetings of Parliament's Public Accounts Committee as it takes up the controversial CAG report on coal block allocations from Friday when the government auditor will brief the panel on the issue. Comptroller and Auditor General Vinod Rai and his team of officials will brief the PAC on the auditor's findings on coal block allocation on Friday. The issue had virtually washed out the entire Monsoon...
More »NIA Floats Tender for Monitoring Media
-Outlook Seeking a SWOT analysis, the elite National Investigation Agency (NIA) is scouting for firms to monitor media reports of interest to the agency and give a feedback that could help improve its strategies. According to the tender floated by NIA which is available on its official website, firms have been asked to submit their bids by October 4 for "daily media monitoring" for its Director General and up to the level...
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