-Reuters India's growth story is still "credible" and the move to open up the economy to global supermarket chains will help growth and control inflation, RBI governor Duvvuri Subbarao said on Friday. "It's commendable that government has taken the initiative. Let's hope that it will improve the logistics chain and supply chain management in agriculture," Subbarao said in a speech in Chandigarh. Late Thursday, the government approved 51 percent foreign direct investment in...
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Cabinet approves 51 per cent FDI in multi-brand retail by Sujay Mehdudia
FDI in single-brand retail raised from 51 to 100% In a bid to remove the impression that UPA-II is suffering from a “decision making paralysis” and kicking off the second generation reforms, the Union Cabinet on Thursday gave its approval for 51 per cent foreign direct investment (FDI) in multi-brand retail and 100 per cent FDI in single-brand retail. The decision is likely to clear the decks for the entry of foreign...
More »Revised draft of food Bill gives primacy to cash transfers, coupons by Gargi Parsai
Social activists up in arms against proposed reforms; impact on procurement feared The Union Government's new move to give primacy in the revised draft of the National Food Security Bill, 2011, to controversial schemes like cash transfers and issuance of food coupons to identified public distribution system beneficiaries in lieu of foodgrain entitlements has got social activists up in arms. The scheme was introduced under ‘Schedule II' in the initial draft of...
More »Reviving Universal PDS: A Step Towards Food Security by Suranjita Ray
An unprecedented economic growth during the last decade has also seen increasing malnutrition, hunger and starvation amongst certain sections of society. India ranks 66 in the Food and Agriculture Organisation’s (FAO’s) World Hunger Index of 88 countries (Inter-national Food Policy Research Institute). More than 200 million people in this country are denied the right to food. One-third of all underweight children (57 million) in the world due to lack of...
More »Encephalitis-hit kids to get special schools by Kounteya Sinha
Special schools will be set up for mentally challenged children in Japanese Encephalitis (JE) affected areas while fixed monthly compensation will be given to families below the poverty line having children with disability due to JE. A group of ministers (GoM) formed to handle India's JE outbreak which included Ghulam Nabi Azad, Jairam Ramesh, Krishna Tirath and Mukul Wasnik met for the first time on Monday to finalize a new strategy....
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