-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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-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,...
More »How We Saved Agriculture, Fed the World and Ended Rural Poverty: Looking Back from 2050 -Duncan Green
-Oxfam Blog As Oxfam’s two week online debate on the future of agriculture gets under way, John Ambler of Oxfam America imagines how it could all turn out right in the end. It is now 2050. Globally, we are 9 billion strong. Only 20% of us are directly involved in agriculture, and poor country economies have diversified. Yet we all have enough food. Technological innovation has played its part, but increased production...
More »All to the sweat shop-Bhavdeep Kang
-Tehelka Here are the gaping holes in the argument for FDI in retail. No smooth talk can pave over it TOUTED AS a cure-all for India’s economic ills, Foreign Direct Investment (FDI) in multi-brand retail is at best an anodyne, and at worst, toxic. It is an attempt to lift markets by fabricating sentiment; signalling an economic turnaround without any concrete steps being taken to trim the fiscal deficit or boost manufacturing. All...
More »Sick Chickens Come Home to Roost -Nidhi Nath Srinivas
-The Economic Times What are the chances that a chicken infected with bird flu will land on your plate? Zero. What are the chances that a bird flu infection will increase the price you pay for chicken and eggs? 100%. A virulent and deadly infection called avian influenza or bird flu is present in our country. The virus usually affects wild fowl which then infect chickens. The virus can survive for...
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