-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the Retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand Retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...
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Prof. Jagdish Bhagwati, noted Economist and and Columbia University professor interviewed by Shaili Chopra
-Tehelka Edited Excerpts From An Interview NOTED ECONOMIST and Columbia University Professor Jagdish Bhagwati’s pro-free trade stance is well-known. A friend of the prime minister and his batch mate from Cambridge University, Professor Bhagwati feels the UPA’s departure from the stagnation of the past few years is a welcome change, and lauds the decision to allow FDI in multi-brand Retail. In an interview to TEHELKA Business Editor Shaili Chopra, Bhagwati says more...
More »Left, Right vow to oppose FDI in Rajya Sabha
-The Times of India The budget session of Parliament could again be stormy with NDA and Left parties coming together to oppose FDI in Retail. BJP, CPI and JD(U) on Tuesday said the government may have got the bill passed in Lok Sabha but it should not feel victorious as they would not let it pass in Rajya Sabha. BJP leader Murli Manohar Joshi even said that if NDA came to power, it...
More »Restuarants, eateries, canteens to require licences from Food Safety and Standards Authority of India to operate-Ratna Bhushan
-The Economic Times Come February 4 and all eateries in the country-from restaurant chains such as KFC and McDonalds to restaurants within hotels like Bukhara and Swagath to even school canteens and corporate cafeterias-will need a 'food business operator' licence from central food authority Food Safety and Standards Authority of India to operate. The authority plans to randomly check food joints across the country after the February 4 deadline for obtaining the...
More »Build an efficient supply chain between farmers and markets
-The Economic Times India's consumer prices climbed 10.56 per cent in December from a year earlier. This will hold the RBI's rate-cutting hand and prove politically painful for the government. The increase in the Consumer Price Index (CPI), over three percentage points more than the increase in the Wholesale Price Index (WPI) number, is due to a spurt in prices in the food and beverage category - mainly vegetables, oils and fat,...
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