-The Times of India Several Bharti-Walmart stores will remain closed on Thursday as a precautionary measure due to the bandh called by traders across the country, sources said. World's second largest retailer Carrefour, which is present in the wholesale segment in the country, also beefed up security at its stores in Delhi and Jaipur. Private security guards patrolled the Carrefour store in the crowded Shahdra area in east Delhi and vigorously checked...

Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...

The High Level Expert Group on Universal Health Coverage for India on Sunday held a brainstorming session here to address concerns raised by the World Bank over some of the recommendations in its report for the 12th Five Year Plan. Among the issues raised were marginalisation of the private sector and the “elimination of intermediation by insurance companies.” The expert group, which will revert to the Planning Commission on Monday with...

-The Telegraph The BJP has slammed the Centre’s move to allow FDI in multi-brand retail, alleging this would destroy self-employment, create monopolies, facilitate foreign takeover of farming units and impair local manufacturing. Sources in the BJP, which has a following among small and medium traders who own the most of the mom-and-pop “kirana” shops, warned that this section would start an agitation as the Centre’s decision amounted to the “Wal-Martisation” of India. The...

Words of wisdom from Swaminathan commission have fallen on deaf ears The Supreme Court has pulled up the State governments for their callous approach to acquisition of land from farmers and for issuing notifications in violation of the procedure under the Land Acquisition Act. Decrying mindless acquisitions, a Bench of Justices G.S. Singhvi and S.J. Mukhopadhaya said the consequent notifications were nullified by courts on the ground of violation of the mandatory...