The government is divided over allowing foreign direct investment (FDI) in multi-brand and foodgrain retailing. While the Ministry of Finance is opposed to any change in the existing retail FDI policy, the Agriculture and Consumer Affairs Ministries, along with the Planning Commission, are open to the proposal mooted by the Ministry of Commerce and Industry. At present, FDI in these areas of retailing is banned. The finance ministry’s position gains significance in...

An area of cultivated land the size of Italy is lost each year to environmental degradation, industrialization and urbanization, a UN expert said Thursday. Up to 30 million hectares (75 million acres) of land is lost to the new pressures and Olivier De Schutter, UN special rapporteur on the right to food, said 500 million small farmers suffer from hunger partly because "their right to land is under attack." "As rural populations...

India is taking proactive measures and ready to make concessions to ensure a successful conclusion of the Doha round of multilateral trade talks, an official said here Tuesday. Commerce and Industry Minister Anand Sharma is scheduled to meet World Trade Organisation (WTO) Director-General Pascal Lamy, chairs of the sub-groups on agriculture, industrial products and services and ambassadors of various informal groupings at the WTO headquarters in Geneva Wednesday to push for...

Every answer to question on Nitish Kumar's performance in the last five years as Bihar's chief minister begins with the phrase, ''Kam se kam itna toh kiya hai... (at the very least, he has done this...).''   By any index of growth and development, Nitish's five-year reign has unleashed no miracles. With 54.4% of its population under the Tendulkar Committee's revised poverty line, Bihar is India's poorest state and its health indicators...

Steel giant Posco’s proposal for the largest foreign direct investment in India has failed to pass environment muster with a central panel picking flaws in the process to settle forest rights and approve the shortlisted site in Orissa. Three members of the four-person committee have recommended that the Union forest and environment ministry scrap its approvals while the remaining nominee has suggested that the exercise be carried out afresh. The panel’s recommendations...