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-The Indian Express   The finance ministry has come to an agreement with the department of industrial policy and promotion about what the government’s policy towards foreign direct investment in retail should look like. This means the retail FDI proposal will be placed before the cabinet soon, and hopefully will be cleared as soon as possible. Currently, only 51 per cent foreign investment is permitted, and only in stores selling a single...

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FDI if retailers procure 30% stuff from small industry by Surajeet Das Gupta & Nayanima Basu

Indian suppliers must be units with investment up to Rs 1.25 cr, says draft before cabinet. Multinational retailers such as Walmart, Tesco and Carrefour looking to open stores in the country may have to source almost a third of their merchandise from small Indian manufacturers as the government tries to make the opening of multi-brand retail to foreign players more politically palatable. The draft cabinet note for permitting 51 per cent foreign...

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Cabinet may consider proposal to allow 51% FDI in multi-brand retail

-The Economic Times   The cabinet will shortly consider a proposal to allow 51% foreign direct investment (FDI) in multi-brand retail, as the government finally musters the will to implement the controversial policy measure that has been stalled for years. The commerce and industry ministry has prepared a note for the cabinet to allow 51% FDI in multi-brand retail and increase the limit on single-brand retail to 100% from the current 51%....

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Finance Ministry approves changes in Food Security Bill

-The Hindu   The Finance Ministry had approved the changes in the draft National Food Security Bill that were incorporated after taking the views of the Department of Women and Child Development as well as those posted on the Food Ministry's website, Minister of State for Food and Public Distribution K.V. Thomas said on Thursday. The Ministry would soon bring to the Cabinet a revised draft after incorporating the comments of the Ministries...

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SC farmers till assigned lands after 45 years!

-The Hindu   Scheduled Caste farmers of Hussainapuram in Orvakal mandal in the district cultivated lands assigned to them after 45 years, taking the support of MGNREGS. The first-time farmers were happy to see lush green castor and redgram crops. However, the drought slightly damaged the crops, which otherwise would have brought them good yields. Around 31 SC families and others had been assigned 386 acres land nearly four decades ago under a...

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