The government is divided over allowing foreign direct investment (FDI) in multi-brand and foodgrain retailing. While the Ministry of Finance is opposed to any change in the existing retail FDI policy, the Agriculture and Consumer Affairs Ministries, along with the Planning Commission, are open to the proposal mooted by the Ministry of Commerce and Industry. At present, FDI in these areas of retailing is banned. The finance ministry’s position gains significance in...

India is taking proactive measures and ready to make concessions to ensure a successful conclusion of the Doha round of multilateral trade talks, an official said here Tuesday. Commerce and Industry Minister Anand Sharma is scheduled to meet World Trade Organisation (WTO) Director-General Pascal Lamy, chairs of the sub-groups on agriculture, industrial products and services and ambassadors of various informal groupings at the WTO headquarters in Geneva Wednesday to push for...

Indigenous people are entitled to their own institutions and self-governing structures to enable them to manage their own affairs and ensure that the development process is aligned with their own cultural patterns, values and customs, a United Nations independent expert says in a report. “In the light of the extreme disadvantages that indigenous peoples have typically faced across a range of social and economic indicators, there are particular concerns… that must...

Panchayat elections in Uttar Pradesh have thrown up many curious phenomena. Everyone involved with the panchayat elections in Uttar Pradesh seems to love it. Sons, brothers, sons-in-law of MLAs contesting for seats at the village, tehsil or district levels in vast numbers are happy because the vidhayak mahoday is campaigning on their behalf, making full use of the party machinery. Wives and daughters-in-law from ‘influential families' are delighted because their family's...

Uttar Pradesh is not a state readily associated with dynamic economic reform. But the state has taken giant strides in reforming one of the least reformed industries in India: the sugar industry. The country’s second largest sugar producing state after Maharashtra is undertaking an aggressive privatisation of its state-owned sugar mills. It has, just recently, successfully sold off 10 of the 11 operating units of the state’s Sugar Corporation to...