Indian traders reject FDI in multi-brand retail and emphasise the need for a policy to regulate the labour-intensive sector. TRADERS across the country responded angrily to the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail trade, disproving the arguments of the United Progressive Alliance (UPA) government and the assessment of corporate India, which had tried hard to make it appear that traders and...

Global experience in retail trading by MNCs does not tally with the presumptions on which the UPA government's FDI policy is based. IN the course of the debate on the need to permit foreign direct investment in retail in India, two arguments have been advanced often. The first argument is that large organised retail is good for not just consumers, who would benefit from lower prices owing to cost efficiencies...

-The Economic Times   The Ministry of Agriculture provides assistance to farmers for remunerative returns to farmers and to ensure adequate supply of fruits and vegetables to consumers, under National Horticulture Mission and Horticulture Mission for North-East and Himalayan States ( HMNEH).  This includes assistance for cultivation, establishment of cold storages, setting up of terminal markets, wholesale markets and rural primary markets/apni mandies. National Horticulture Board is also implementing various schemes.  Further, the Ministry...

Perennially hungry Chotanagra panchayat, 120km from district headquarters Chaibasa, may be forgiven for rubbing its eyes today in disbelief at the sight of a piping hot lunch. Amid the flurry of goodies — from land to tube well repair kits to tricycles — distributed by Union minister Jairam Ramesh, chief minister Arjun Munda and his deputies, what starving villagers relished most were steamed rice, mashed vegetables and eggs, courtesy the Central...

-The Economic Times   India's food inflation eased to a four-month low in the week to 19 November as vegetables, cereals and eggs turned cheaper. The decline in the reading for the fourth consecutive week came as a respite to the government struggling to recover from a string of recent bad tidings.  Data released by the commerce and industry ministry on Thursday showed the wholesale price index for food articles rose 8% year-on-year,...