-The Hindu Building ‘capitalism with Indian characteristics’ means decisions cannot ignore concerns of voters and communities As the economy slows down and the rupee wilts, Manmohan Singh has bitten the ‘reforms’ bullet with both eyes on the credit rating agencies whose negative reports have done much to dampen the ‘animal spirits’ of investors, foreign and native. Last November, when the Congress party made a push to introduce foreign direct investment in multi-brand Retail,...

-The Economic Times Foreign multi-brand Retailers present in India through cash-and-carry route are expected to roll out consumer facing formats in the short to medium term, a research paper by consultancy firm KPMG said. The paper said most of the foreign Retailers will undertake changes in their cash-and-carry arrangement with their Indian partners. However, single brand Retailers would significantly invest in India in the next 12-18 months due to 100% ownership which...

-The Telegraph   Wal-Mart Stores Inc — the $446 billion Retail behemoth — will be able to open stores in 22 cities across the country after the government notified a press note tonight permitting foreign direct investment up to 51 per cent in multi-brand Retailing operations. The press note — which contained clauses that were not spelt out in the controversial press release issued last Friday after the cabinet formally cleared the proposal...

-The Economic Times The government is pushing ahead with long-awaited reforms to boost finances of cash-strapped power utilities and to reduce food subsidy by raising the price of sugar in ration shops, but the cabinet meeting to consider these moves has been deferred to next week. Sources said the government was also considering a proposal to increase the dearness allowance for central government employees by about 7%. This should come as a...

-The Hindu In an attempt to pressurise the Union Government to roll back the decision to allow Foreign Direct Investment (FDI) in multi-brand Retail, an “anti-FDI” protest march was organised by the National Association of Street Vendors of India (NASVI) at Jantar Mantar here on Wednesday. The protesters charged the Union Government with ignoring the interests of the working class and protecting the interests of the multi-national Retail giants. NASVI president Arbind...