-CNN-IBN   "Many said that Kentucky (KFC) will drive the dhabas out of the market. The dhabas have driven out Kentucky. The Indian sherbet is still there despite Coca Cola and Pepsi. Don't underestimate India." That was former NDA finance minister Jaswant Singh in 2004 when he supported FDI in retail. "Fifty per cent of our population, comprising of small traders, street-vendors and the self-employed, sustain themselves through retail businesses. The UPA government...

Expenditure incurred on advertisements to be recorded in ‘shadow expenditure register' Advertisements inserted by candidates contesting the forthcoming Assembly elections in Uttar Pradesh will have to be signed by them as well as by two witnesses in order to differentiate these from paid news and deter the candidates from having their way. The district election officers would ensure that the expenditure incurred on the advertisements was recorded in the ‘shadow expenditure register',...

-The Economic Times   The Centre came down heavily on states that are opposing foreign investment in multibrand retail for not making their point when the policy was being formulated and said those opposed had the powers to stop companies from opening stores in their boundaries.  Some state governments, including Tamil Nadu and Uttar Pradesh, have opposed the government's proposal to allow 51% foreign direct investment in multi-brand retail and blasted the Centre...

Notification of rules is a step forward, but a lot more needs to be done A bunch of children selling toys at a traffic signal, small boys cleaning tables at restaurants or washing glasses at tea shops or little girls engaged as baby sitters – the effective implementation of the Right of Children to Free and Compulsory Education Act, 2009, will possibly make such instances a thing of the past. However, for...

Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...