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Wal-Mart gets clean chit in Fema case-Deeptiman Tiwary

-The Times of India NEW DELHI: The Enforcement Directorate has given a clean chit to Wal-Mart, the world's largest supermarket chain, in a case related to alleged violation of Foreign Exchange Management Act (Fema), a move that may pave the way for the US Retailer to pursue its India investment plans more aggressively. Earlier this week, ED wrote to the RBI, saying a case of violation could not be made out as...

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After minor dip, onion prices on the rise again -Dipak Kumar Dash

-The Times of India NEW DELHI: Sixty is the new normal for onion prices in most cities after belying government expectation that prices would moderate in the first half of October. The end of Navratra, Eid-ul-Adha on Wednesday and insistent rain in many parts of the country has pushed prices to Rs 70 a kg in many cities, including Delhi. Retail price of onion has remained Rs 60 per kg in north Indian...

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Food inflation: How to decode the onion price puzzle-Usha Tuteja

-The Economic Times It is ironical that food inflation surged to around 18% in August when agriculture is the primary hope in the economy. The culprit was mainly vegetables and, within that, onions. Onions are once again in the news due to steep rise in Retail prices by almost 25% in a fortnight. Safal outlets in Delhi have set the price at Rs 60 per kg whereas some other Retailers are charging...

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Marketing, not hoarding

-The Business Standard Onion crisis is a reminder of the need for Retail reform Onion prices in towns have begun, finally, to come down. That follows a fresh harvest of onions in Karnataka and Maharashtra. But the price rise could happen again - unless its causes are realistically ascertained, and the right lessons drawn. The crisis was generally believed to have been triggered by low production, high exports and rampant hoarding. However,...

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New drug policy forces many pharmacies to shut shop -Raji Reddy Kesireddy

-The Economic Times HYDERABAD: Numerous pharmacies - especially those operating on rented space - are shutting down across the country, hurt by a sharp decline in margins after the introduction of a new pricing policy for medicines and intense competition from bigger players. The new Drug Price Control Order (DPCO), which was notified on May 15, has made the prices of some 150 drugs fall steeply. Under this, companies and Retailers are...

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