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Land acquisition, FDI in retail, insurance top PM's reform agenda

-The Times of India   Prime Minister Manmohan Singh on Wednesday flagged amendments to land acquisition law, allowing more foreign investment in retail trading and insurance and introduction of good and services tax (GST) as the key reforms agenda of the government. "I think the first thing is to sustain the momentum of growth that we have built," PM said during a meeting with a group of editors. But a key...

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CPI(M) opposes FDI in multi-brand retail trade

-The Hindu   This pro-MNC neo-liberal framework will hit Indians It's a ploy to push for more sops to MNCs The CPI(M) on Saturday opposed the move to allow foreign direct investment (FDI) in multi-brand retail trade and called upon political parties and organisations to protest against this retrograde move. The CPI(M) Polit Bureau, in a statement, opposed the suggestion by the Inter-Ministerial Group on Inflation headed by the Chief Economic Adviser and said...

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India Can't Get the Food Right Wrong by Harsh Joshi

India's government has an ambitious plan for eradicating hunger in the country. Unfortunately, it may be going about it the wrong way. The National Food Security Bill that New Delhi intends to implement this year will make food a legal right for every citizen, including the millions of poor and underprivileged. No doubt the motive is right: India has one-fourth of the world's hungry poor, according to United Nations statistics. But merely...

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'Revise APMC Act to check inflation’

Revising the Agriculture Produce Market Committee Act ( APMC Act), encouraging competition among traders and promoting efficiency in retailing are some of the steps needed to calm food inflation. These views were discussed in the second meeting of a interministerial group appointed by Prime Minister Manmohan Singh to review the inflation situation and suggest corrective measures, according to a statement issued by the finance ministry. Kishore Biyani, chairman of retail major...

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Devil In The Retail by Lola Nayar

By all indications, FDI in multi-brand retail is a fait accompli. Or so we have been told time and again by everyone, the PM downward. The “question is at what point of time it should be done”. This remark from Pranab Mukherjee in a post-budget TV interview may have revealed that the debate has moved beyond whether to permit FDI in multi-brand retailing—the lifeline of small- and medium-sized neighbourhood stores....

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