Has India done a China to its trade partners? Against huge opposition and popular discontent over the years, the Cabinet last week cleared 51 per cent foreign direct investment (FDI) in multi-brand retail and allowed 100 per cent FDI in single-brand retail. The move appears crafty in that it tries to change the perception of a reform impasse in the government while simultaneously aiding India’s negotiators to meet their peers...
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FDI protest: Traders' shutdown complete in many states
-The Times of India Traders across the country have downed their shutters to join the protest against government's decision to allow foreign direct investment (FDI) in retail. The impact of the strike has been visible in several cities. In some cities, shopkeepers took out marches demanding a rollback of the government move. In Maharashtra, around 35 lakh small and medium traders have kept their shops shut in response to the bandh. "We have received...
More »FDI protest: 35L traders down shutters in Maharashtra, response muted in Bihar
-The Times of India Shops and commercial establishments in many cities across the country have downed their shutters to protest government's decision to allow foreign direct investment (FDI) in retail. However, the impact of the strike is varied from state to state. In Maharashtra, round 35 lakh small and medium traders have kept their shops shut in response to the bandh. "We have received good response for the bandh in Mumbai and Navi Mumbai...
More »Opposition parties unrelenting over retail FDI issue
-The Hindu In a bid to break the impasse over foreign direct investment (FDI) in multi-brand retail, the government made a vain attempt on Wednesday night to persuade the Opposition to tone down the wording of its motion. But it was told in categorical terms that the demand for a rollback of the decision was non-negotiable. The Opposition stance was conveyed by the Working President of the National Democratic Alliance (NDA) and...
More »FDI in retail: Farmer bodies throw their weight behind retail FDI by Sutanuka Ghosal & Nidhi Nath Srinivas
Large farm lobbies are backing the government's decision to allow foreign supermarkets to set up shop in the country, saying it will shorten the supply chain and get growers a larger share of the final selling price. Most farmers, however, want the government to go a step further and make it mandatory for retailers to buy 75% of their produce directly from farmers, bypassing the restrictive 'mandi' auction system. "Traders and middlemen...
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