-Frontline The Congress-led UPA seems to be betting heavily on the cash transfer scheme as a means to return to power in the next general elections. DECEMBER 2012 may go down in history as the month when the Congress party created its own “India Shining” moment: the moment when it started believing its own hype, and even deluded itself into thinking that its perception was so widely shared that it could provide...
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The trouble with hurried solutions -Chinmayi Arun
-The Hindu The World Conference on International Telecommunication showed that countries are not yet ready to arrive at a consensus on regulation and control of the Internet The World Conference on International Telecommunication (WCIT) that concluded on December 14 saw much heated debate. Some countries wanted to use the International Telecommunication Union (ITU) to gain intergovernmental control of the World Wide Web. Some saw it as an opportunity to democratise the Internet,...
More »2G: No Assessment by Govt on Presumptive Loss
-Outlook The government has not made any assessment on presumptive losses following the CAG report on the 2G spectrum issue, Parliament was informed today. "No assessment of the value of presumptive loss caused to the nation after the publication of CAG report in 2G spectrum matter has been made by the Government of India," Minister of State for Finance Namo Narain Meena said in a written reply in the Rajya Sabha. To a...
More »How Wal-Mart got a foot in the door of India's retail market
-Reuters MUMBAI: Wal-Mart Stores Inc prepared its entry into India's supermarket sector in 2010 with a $100 million investment into a consultancy with no employees, no profits and a scant $14,000 in revenue. The company, called Cedar Support Services, might have been a more obvious selection four months earlier: it began its corporate life as Bharti Retail Holdings Ltd, according to documents filed with India's Registrar of Companies. The Cedar investment is now...
More »FDI in retail? say a big NO -Anupam Bhargava
-The Hindu FDI is a debt inflow or liability foreign exchange because the profits or returns it generates will have to be repatriated. Will FDI in retail, single brand, banking or insurance enhance our foreign exchange earning capacity? Do they bring technology to the economy? There is so much of talk going around in all circles regarding FDI. Politicians, for obvious reasons, speak a language of their own, driven by ulterior motives....
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