Global retail chains looking to set up shop in India may face several challenges such as delay in the implementation of goods and services tax and restrictions imposed by the Agricultural Produce Marketing Committee (APMC) Act, besides political opposition. These hurdles can be roadblocks in providing real benefits to farmers and consumers as intended by the government in opening the multi-brand retail sector to foreign direct investment. “GST (goods and services tax)...
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The sums don’t add up
-Live Mint It has cost me followers on Twitter, forced the government’s auditor to take the extreme step of sending an official (he misrepresented himself as an Election Commission official) to a Mint reporter’s residence, and attracted criticism about Mint being the government’s lapdog. So, why have we been writing about irregularities in the way the Comptroller and Auditor General of India conducted its audit of the so-called 2G scam? After all,...
More »Why India needs democracy by Markandey Katju
What is our national aim? To my mind, our national aim must be to make India a highly prosperous country for its citizens, and for that it is necessary to have a high degree of industrialization. Even setting up and running a single primary school requires a lot of money, e.g. for buying land, erecting the school building and providing for the recurrent expenditure for salaries of teachers, staff, etc. We...
More »Safety priority for nuclear plants by MS Swaminathan
The stalemate in relation to the Kudankulam Nuclear Power Project (KKNPP) continues despite the ‘fail-safe’ certificate issued by former Indian President Abdul Kalam and the central panel of experts headed by A E Muthunayagam. The representatives of the people of that area are still saying, “We will never settle down for anything less than the scrapping of the KKNPP.” Srikumar Banerjee, secretary of the department of atomic energy, has expressed...
More »FDI in multi-brand retail will create 10 m jobs: Anand Sharma
-The Hindu This is a major step towards providing liberation to farmers, says Sharma Ridiculing claims that opening of foreign direct investment (FDI) in multi-brand retail will lead to displacement and unemployment, Union Commerce and Industry Minister Anand Sharma on Friday asserted that this bold move would lead to creation of 10 million jobs and billions of dollars in investments during the next three years. Brushing aside the criticism by the Opposition parties,...
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