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Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar

-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...

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Direct Cash Transfer System a 'Pure Magic': PC

-Outlook Jaipur: Describing the proposed Direct Cash Transfer scheme a 'pure magic' that brings a big responsibility on banks for its implementation, Finance Minister P Chidambaram today asked bankers to work with the government to make the scheme a success. "Through this unique benefit transfer scheme, money when it is released, will instantaneously be credited in the bank account of the beneficiary, leaving no scope for corruption and pilferage. That is why...

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TN will use Goondas Act to curb cyber crime -S Vijay Kumar

-The Hindu Cyber crimes that are grave in nature will now attract detention under the Goondas Act. Winding up a conference of senior IAS/IPS officers here on Wednesday, Chief Minister Jayalalithaa announced that suitable amendments would be made to include cyber crime under the Tamil Nadu Prevention of Dangerous Activities of Bootleggers, Drug Offenders, Forest Offenders, Goondas, Immoral Traffic Offenders, Sand Offenders, Slum Grabbers and Video Pirates Act, 1982. Departing from the principle...

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Civil society key to ensuring Internet free speech, says UN independent expert

-The United Nations The credibility of the Internet depends on how much civil society – the broad label given to worldwide activism outside government – is able to take part in its evolution, a United Nations independent expert said today. “Civil society participation is essential to ensure legitimacy of global discussions on the future of (the) Internet,” the Special Rapporteur on the right to freedom of opinion and expression, Frank La Rue,...

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Delhi gang-rape: Harsh punishment possible under law

-DNA Social networking sites are abuzz with the cry of death penalty for the accused of the Delhi gang rape case. However, the major sections applied in the case, which include 376 (2) (G) (gang rape), 377 (unnatural sex), 307 (attempt to murder) and 201 (destruction of evidence) read with 34 (common intention) of the Indian Penal Code, will attract a maximum punishment of life imprisonment for the accused. The sessions court,...

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