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FDI in retail: Farmers gain, but SMEs & kiranas complain by Sutanuka Ghosal & Madhvi Sally

-The Economic Times   With the entry of foreign supermarket players, farmers across India's six lakh villages stand to gain from greater market access, higher profits, better technology and direct linkage with consumers.  "Direct purchase from farms has hugely benefited small farmers like us who were not getting good returns by selling in the local mandi," said Abdul Majid, from Malerkotla in Punjab, who has been selling vegetables from his one-acre farm to...

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What’s Wrong and Right with Microfinance by David Hulme and Thankom Arun

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

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IPS officers failing to submit IPRs to be denied promotion

-PTI   Toughening its stand on IPS officers who fail to submit their immovable property returns (IPRs) by January 31, next year, government has decided to deny promotion to them. The decision to deny vigilance clearance to those IPS officers who do not submit their IPRs has been taken by the home ministry after it was found that the property returns of 713 officers for the year 2010 (as on 1.1.2011) had not...

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Bill burst to fight graft

-The Telegraph   Law minister Salman Khurshid today unveiled a slew of bills to be taken up in Parliament’s winter session to demonstrate the government’s commitment to fighting graft, other than the Lokpal Bill that he said would address the “concerns of the common man”. The whistle-blowers’ bill, sports bill and the judicial accountability bills are among those on the agenda, the minister told a news conference in the run-up to the session...

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Nod for 26% FDI in pension funds by Remya Nair

The govt has thus rejected the recommendation of the parliamentary standing committee on finance that the 26% FDI cap be a part of the Bill The cabinet on Wednesday cleared amendments to the Pension Fund Regulatory and Development Authority Bill, 2011, capping the overseas investment limit in the sector at 26%, but retaining the flexibility to raise this limit by stating that it would not form a part of the legislation. The...

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