-Live Mint FDI or not, there are problems that plague Indian agriculture and will need to be fixed first With the parliamentary vote on foreign direct investment (FDI) in multi-brand Retail out of the way, the government will proceed with the liberalization of this sector as it thinks it will improve the prospects of agriculture. Should we be worried about our small neighbourhood stores shutting down? The fears are overblown. Organized large-format Retail...
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Retail store builders set to get FDI boost -Sachin Dave
-The Hindustan Times As both Houses of Parliament cleared the way foreign direct investment (FDI) in multi-brand Retail, the mood of commercial real estate developers, who were facing a tough time building and renting out malls, is expected to look up. A revival of investment plans is on the cards. The supply of rental spaces across India recorded a drop of 65% in 2012 from the previous year, according to a report...
More »For profit, not people-Sitaram Yechury
-The Hindustan Times With UPA 2 having carried the day on the motions disapproving foreign direct investment (FDI) in India’s multi-brand Retail trade sector, the crescendo for a fresh round of GenNext reforms has reached a higher pitch. The editorial in this newspaper titled The slog overs have begun (Our Take, December 10) states, “Now that FDI in Retail is through, the UPA must push ahead with other reforms.” The Congress-led coalitions...
More »Walmart lobbyist was hired by India for n-deal-Shubhajit Roy
-The Indian Express Patton Boggs, one of the lobbying firms which represented global Retail chain Walmart, was hired by the Indian embassy in the US in 2008 to help clinch the India-US nuclear deal. News of Walmart spending Rs 125 crore in the last four years to lobby with US lawmakers disrupted the Rajya Sabha Monday, with MPs alleging that the company had indulged in corruption to enter India. Patton Boggs’s web site...
More »US defends Walmart lobbying
-PTI Amid controversy over reports that Walmart spent nearly Rs. 125 crore for lobbying with legislators to get access to the Indian market, the U.S. has said the global Retail giant did not violate any American law as far as the matter is concerned. “On the U.S. side, I don’t have any reason to believe that we have a violation of U.S. law here. With regard to the Indian side, I’ll refer...
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