Foreign retailers may have to reserve at least half of their jobs in superstores for rural youth and source more than the mandated 30% from micro and small industries as the government tries to salvage the big ticket but controversial economic reform. An official said the government is likely to have a relook at a proposal that seeks to reserve at least 50% of jobs in foreign-owned superstores for those who...
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Huguette Labelle, chairperson of Transparency International interviewed by ET
India has scored 3.1 (down from 3.3 last year) on a scale - where 10 indicates very clean and zero, highly corrupt - of Corruption Perceptions Index (CPI). The CPI focuses on corruption in the public sector, involving public officials, civil servants or politicians. The data sources used to compile the index include questions relating to the abuse of power and bribery of public officials, kickbacks in public procurement, embezzlement of...
More »Do we need a retail regulator? by Suparna Karmakar
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...
More »No rollback on FDI, but no rollout soon
-The Times of India UPA partners Trinamool Congress and DMK rejected Prime Minister Manmohan Singh's appeal to drop their opposition to FDI in retail on Thursday, enhancing the possibility that the government may have to announce that it will not roll out the decision. Although a formal notification to make the Cabinet decision operational has already been put off, the unrelenting opposition from Trinamool and DMK may force the government to put...
More »Green climate fund faces delay amid mounting objections by Urmi A Goswami
In a setback to the climate talks underway in Durban, discussions on finance, a key element of a successful outcome, appear to have hit the slow road. The discussions on the two integral elements - the Green Climate Fund and sources for long-term funding - have been put on hold. With the fate of the climate fund with predictable fund source hanging in balance, it is perhaps time for India to push...
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