-The Economic Times MUMBAI: India, the world's largest exporter of morphine sulphate, has very little of the drug to offer its terminally ill patients suffering from cancer and HIV. The supply of morphine, a narcotic pain reliever used for treating pain, is severely constrained in local hospitals and Retail Stores due to stringent laws that prevent and hinder companies from making and transporting the final product. Morphine sulphate is a byproduct of...
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Poor response from states on FDI in multi-brand retail
-The Times of India With the UPA government's efforts to build a consensus on allowing foreign retailers in the multi-brand retail sector going nowhere, Prime Minister Manmohan Singh on Wednesday urged the UPA allies to help evolve a consensus on the reforms measure. Participating in the first meeting of the newly set-up UPA co-ordination committee, PM said that it was necessary to build support for the move to let in foreign retailers. The...
More »Wal-Mart, others seek US govt help on India plans
-PTI Amid growing political opposition in India for easing of foreign investment norms in retail and other sectors, US-based companies like Wal-Mart and Prudential Financial are lobbying hard with their own lawmakers here to garner support for their Indian business expansion plans. As per their latest lobbying disclosure reports filed with the House of Representatives and the Senate, the US-based companies and industry groups spent millions of dollars since the beginning of...
More »Back off, angry govt tells Obama
-The Times of India A day after US President Barack Obama's call for lifting of foreign investment curbs by India, the government on Monday shot back asking Washington not to meddle with the country's internal affairs and suggested that the world's largest economy should lead the fight against protectionism. The statement came amid protests from the Opposition, which asked the government not succumb to US pressure. "He (Obama) has every right to...
More »PIL against Walmart for reaching end customers via Bharti Retail
-The Economic Times A social activist has filed a case in the Delhi High Court alleging that the US-based Walmart is carrying retailing to the end consumer through Bharti Retail, a Bharti Enterprises group company. The high court has sent notices to Bharti Walmart, Bharti Retail as well as the central government, seeking their replies on the petition filed by environmental activist Vandana Shiva. Bharti Walmart is a 50:50 wholesale retail joint...
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