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...
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Sharad Pawar's MNREGA proposal flayed by Surendra Gangan
Employment Guarantee Scheme experts in the state have slammed Union agriculture minister Sharad Pawar’s proposal of giving a break of three months to the scheme during the farming season every year. Activists claimed that the Pawar’s own state has been implementing this suggestions for years now. The proposal also has been termed as ‘pro-capitalist and pro- industrialist’ by critics. Pawar, in his letter to the prime minister, had suggested that since the...
More »FDI in retail—UPA ‘retired hurt’ by P Sainath
Here's the wonderful thing about the FDI-in-retail debate: never have struggling Indian farmers found so many champions. They've been crawling out of the woodwork. Foreign direct investment in retail may be on hold, but Hillary Clinton can stop worrying about Anand Sharma and Pranab Mukherjee. “How does (Commerce Minister) Sharma view India's current Foreign Direct Investment guidelines? Which sectors does he plan to open further? Why is he reluctant to open multi-brand...
More »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 »UN official underlines link between food security and climate change
-The United Nations Ensuring global food security while striving to save the Planet from damage are the greatest challenges of this century, a senior United Nations official said today, stressing the need to enable smallholder farmers to become more resilient to climate change and to produce more food in ways that are environmentally sustainable. “There is no trade-off between feeding people and saving our Planet,” said Kanayo F. Nwanze, the President of...
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