-PTI Petrol price may be cut by about Rs 1.60 per litre later this month as appreciation of rupee against the US dollar has helped state firms make profit on the Fuel. Indian rupee appreciated to five-month high since the government announced allowing foreign direct investment (FDI) in multi-brand retailing. This has eased the cost of imports for oil firms, helping them make profit on sale of petrol. "Yes, there is about...
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Small is big in Asia’s booming retail sector -A Srivathsan
-The Hindu Organised retail involving FDI and international players can lead to a shrinking of traditional small merchant trade. That is bad news for political parties and governments. When discontent among traders brews, they act. A. Srivathsan looks at how Japan, Indonesia and Thailand responded, using zoning laws and size regulation as a control mechanism. Look East to find out what happens when foreign retailers set up shop. Asia’s recent economic history...
More »Large gains in life expectancy indicate inclusive impact of economic reforms
-The Times of India Average life expectancy in India jumped up by 4.6 years in the decade up to 2008, according to the latest data released by the Registrar General of India. Since this was also the period when economic reforms had the maximum impact, it gives the lie to an idea that's pervasive in the political domain - that reforms benefited only a tiny elite, leaving the rest of India's...
More »Let’s not overrate foreign investment -Pulapre Balakrishnan
-The Hindu The government’s claim that it will dampen inflation, bring higher prices for farmers and lower prices for customers may be somewhat exaggerated With the intention of signalling a strong commitment to reforms, the UPA government has announced a hike in the price of diesel and liberalisation of foreign direct investment (FDI) in multi-brand retail, justifying the measures as growth-enhancing and inflation-dampening. They have been termed bold by India’s corporate sector...
More »If not satisfied with safety measures, we can stop Kudankulam plant: Supreme Court-A Vaidyanathan and Pritika Ghura
-NDTV The Supreme Court has said that it will not hesitate in stopping the work at Kudankulam nuclear power plant if it finds that safety measures at the plant in Tamil Nadu are unsatisfactory. The court made these observations while hearing an appeal against the Madras High Court order that allowed Fuel loading at the plant. A bench of justices K S Radhakrishanan and Deepak Misra said the safety of plant and...
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