The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...
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New policy assures Rs 7,000-cr business for Dalit, ST entrepreneurs by TE Narasimhan
Some Dalit businessmen plan to launch a Rs 500 crore venture capital fund — India’s first community-focused fund. The Central government’s new procurement policy will open business opportunities worth Rs 7,000 crore for Dalit and s (ST) entrepreneurs. These entrepreneurs are now gearing up to tap this opportunity by launching their own venture capital fund and increasing their production capacities. The proposed Rs 500 crore venture capital fund will be the country’s...
More »Government set to make 4 per cent of its yearly buy from dalit firms, boost MSME sector by Sidhartha & Subodh Ghildiyal
The Centre is set to make it compulsory for 4% of its annual purchases to be made from units run by dalits and tribals in what will be its strongest bait for classes that hold the key to political battles at the Centre and states. A rough estimate of the proposed spending comes to Rs 25,000 crore. Preferential procurement has been an early poll promise of UPA and its delivery...
More »Govt may mandate procurement from Dalit-run firms by Sidhartha & Subodh Ghildiyal
The Centre is set to make it compulsory that 4% of its annual purchases be made from the units run by dalits and tribals, in what will be its strongest bait for classes which hold the key to political battles at the Centre and states. The 4% purchase quota proposal from ministry of micro, small and medium enterprises (MSME) is part of the policy that 20% of government procurement be...
More »Increase in employment in khadi and village industries: Govt
The government on Tuesday said employment has risen in the khadi and village industries, particularly in agro-units, on account of rise in agricultural production and processing. "The Department of Agriculture and Cooperation, the Ministry of Agriculture has reported that employment in agro- industries is growing with an increase in agricultural production, processing...," Minister of State (Independent Charge) for Micro, Small and Medium Enterprises (MSMEs) Dinsha Patel said in a written reply...
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