Indian traders reject FDI in multi-brand retail and emphasise the need for a policy to regulate the labour-intensive sector. TRADERS across the country responded angrily to the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail trade, disproving the arguments of the United Progressive Alliance (UPA) government and the assessment of corporate India, which had tried hard to make it appear that traders and...

-Bloomberg Talks on EU climate policies may get new impetus after Denmark takes over the rotating presidency in January The European Union (EU) is set to resume talks early next year about moving to a stricter carbon goal after countries worldwide backed its plan to start work toward a climate treaty that will be enacted by 2020. Europe pledged on Sunday after the conclusion of a two-week United Nations (UN) climate summit in...

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...

-The Times of India   Domestic helps would find it easier to complain against sexual harassment if the recommendations of a parliamentary panel favouring their inclusion in the proposed 'protection of women against sexual harassment in workplace' bill are accepted. Dismissing the government's view that there were "practical difficulties" in implementing the law within the confines of a home, the committee on Thursday said such excuses could not be used as a...

-The Indian Express   Supporting the ongoing discourse in India over the issue of FDI in the retail sector, the United States has said even though it is of view that this is in the benefit of India, it would desist to comment on India's internal affairs. "I think they have to work through their domestic political process and I don't want to comment on their internal affairs at this point," the Under...