FDI in single-brand retail raised from 51 to 100% In a bid to remove the impression that UPA-II is suffering from a “decision making paralysis” and kicking off the second generation reforms, the Union Cabinet on Thursday gave its approval for 51 per cent foreign direct investment (FDI) in multi-brand retail and 100 per cent FDI in single-brand retail. The decision is likely to clear the decks for the entry of foreign...
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Sitting and former MPs owe MTNL over Rs.9 crore
-IANS Sitting and former MPs from various parties owe a staggering Rs.9 crore to state-run telecom provider MTNL, over and above the free calls they are allowed, a reply to a Right to Information (RTI) query revealed Tuesday. The reply lists 399 MPs who alone owe Rs.7.10 crore dues to MTNL, followed by Rs.1.97 crore owed by six sitting members. The list for former MPs defaulting upon their bills is led by Rajya...
More »Reviving Universal PDS: A Step Towards Food Security by Suranjita Ray
An unprecedented economic growth during the last decade has also seen increasing malnutrition, hunger and starvation amongst certain sections of society. India ranks 66 in the Food and Agriculture Organisation’s (FAO’s) World Hunger Index of 88 countries (Inter-national Food Policy Research Institute). More than 200 million people in this country are denied the right to food. One-third of all underweight children (57 million) in the world due to lack of...
More »What’s Wrong and Right with Microfinance by David Hulme and Thankom Arun
Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...
More »Right to information laws ignored worldwide by Rebecca Davis
-Daily Maverick Laws governing citizens’ to know what is happening in their governments have become commonplace over the past decade. But it’s not just South Africans who dread the lack of transparency: a new report from the Associated Press suggests that more than half the countries with “Right to Know” laws do not actually follow them. In January AP set about testing the efficacy of freedom of information laws in 105 countries...
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