If the combined Opposition had sat down for weeks so as to find an issue to embarrass the UPA Government and make it a laughing stock before the whole country, they could not have thought of a better issue than the free gift presented to it by the UPA Government by initially insisting that it had irrevocably decided to allow the entry of multi-brand retail leader superstores like Walmart, USA...
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Has Centre got dual policy on fdi in retail sector? Brinda Karat
-PTI The CPI(M) today asked the Manmohan Singh government whether it had a "dual policy" on FDI in the retail sector. "In Parliament the Centre said it would not move forward in FDI till a consensus evolved through discussions. In Davos Union Commerce Minister Anand Sharma told a Walmart representative that it had only pressed the pause button. Has the Centre a double policy on FDI in retail?" CPI(M) Politburo member Brinda...
More »Laureate for govt land role by Devadeep Purohit
Nobel laureate economist Joseph Stiglitz today said he was aware of the problems industry was facing in acquiring land in Bengal and suggested that government role in facilitating acquisition could help reduce the difficulty. “I talked to some people and they said it’s (land acquisition) a problem here,” said Stiglitz, a professor of economics at Columbia University, during an interaction with journalists. The former chief economist at the World Bank expressed his...
More »FDI policy: Indian consumers should have more choice by Nirmalya Kumar
Most developing countries have a love hate relationship to foreign investment. They love the jobs that it creates, the technology that it accompanies, the additional choices that it provides, and the local millionaires/billionaires it creates through creative phased restrictions. On the other hand, since many developing countries have a colonial heritage, and cash is concentrated amongst developed world MNCs, the host are wary of it. The more nationalistic elements within a country...
More »FDI in multi-brand retail still on govt’s mind: FM
-The Times of India Finance minister Pranab Mukherjee said on Friday that opening up of the multi-brand retail sector to foreign investment was still on the "mind of the government" and it would be pursued once consensus emerged among political parties and other stakeholders. Mukherjee blamed lack of consensus among political parties for the government's inability to implement the reform measure but said it did not reflect the lack of intention or...
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