-CNN-IBN "Many said that Kentucky (KFC) will drive the dhabas out of the market. The dhabas have driven out Kentucky. The Indian sherbet is still there despite Coca Cola and Pepsi. Don't underestimate India." That was former NDA finance minister Jaswant Singh in 2004 when he supported FDI in retail. "Fifty per cent of our population, comprising of small traders, street-vendors and the self-employed, sustain themselves through retail businesses. The UPA government...
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Caught between quota and sub-quota by Vidya Subrahmaniam
Reservation for Muslims in jobs and education — feverishly anticipated over the past two years and expected to be announced ahead of the Uttar Pradesh Assembly elections — might turn out to be a headache the Congress unthinkingly bought itself. As Muslim groups have been arguing, the route under the United Progressive Alliance government's consideration — a 6 per cent Muslim sub-quota within the 27 per cent OBC quota — would...
More »Trinamul to stall retail FDI plan
-The Telegraph The Trinamul Congress will oppose foreign direct investment (FDI) in retail and pension funds as well as changes in rules that will allow foreign airlines to invest in Indian carriers. Mamata Banerjee has instructed her sole member of the cabinet — railway minister Dinesh Trivedi — to oppose the retail proposal at tomorrow’s cabinet meeting, the minister confirmed today. The Trinamul roadblock is being seen as an attempt to reaffirm its...
More »UPA opens the door for global retailers
-The Times of India After debating the issue for over a decade, the government on Thursday threw open the multi-brand retail segment to foreign chains such as Wal-Mart, Carrefour and others in a move to attract overseas investment and dispel doubts about the coalition's ability to push through big-bang reforms. After nearly two hours of discussion on Thursday evening, the Union Cabinet decided to allow foreign retailers to hold 51% stake in...
More »Time to act is now by MM Ansari
The return of peace and normalcy in Kashmir is a reality. And to ensure a durable and lasting peace, a humane approach to handle the law and order situation may be required. In a vibrant, democratic country, authoritarian ways of suppressing people’s voices prove to be counterproductive. It may be recalled that the law and order situation in Kashmir worsened in the aftermath of unfair and rigged assembly elections of 1987,...
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