Some time ago, newspapers in Britain carried full-page advertisements from the curiously named British Pig Association. This consortium of pig farmers was clamouring publicly that the supermarket chains were squeezing the farmers dry. Alongside them, Britain’s dairy farmers complained that a supermarket cartel was paring down their prices, while production costs went up and up. These farmers too have powerful lobbies; they are still in business. To this end, Britain, like...
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FDI in Retail to benefit Indian farmers, citizens: US
-The Indian Express Supporting the ongoing discourse in India over the issue of FDI in the Retail sector, the United States has said even though it is of view that this is in the benefit of India, it would desist to comment on India's internal affairs. "I think they have to work through their domestic political process and I don't want to comment on their internal affairs at this point," the Under...
More »Black money: BJP MPs to give declarations tomorrow of not having illegal money in foreign banks
-PTI BJP MPs will submit tomorrow declarations to the presiding officers of their respective Houses of Parliament, stating that they do not have any illegal money stashed in any foreign bank or tax haven abroad. BJP leader L K Advani had announced on the completion on his nation-wide yatra against black money and corruption that all party MPs will submit declarations that they do not have any illegal funds in Swiss banks...
More »Single-brand FDI map stays, may be step by step now for multi-brand by P Vaidyanathan Iyer
The government is likely to recalibrate its Retail foreign investment strategy, while simultaneously trying to bridge the political divide with allies and states. Government sources said with neither the opposition nor the allies, Trinamool and DMK, objecting to 100 per cent FDI in single-brand Retail approved by the cabinet, the commerce and industry ministry would work on a notification to operationalise the decision. “Our understanding is we can work on rules for...
More »FDI policy suspended for now for peace in Parliament
-IANS The deadlock in Parliament over the government's decision to allow foreign direct investment (FDI) in Retail ended on Wednesday after an all-party meeting passed a resolution to suspend the move till a consensus was reached. Both houses of Parliament functioned normally and took the crucial Question Hour for the first time since the winter session began on November 22. Finance minister Pranab Mukherjee who chaired the meeting made a brief statement in...
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