Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...

In opening up the retail trade to foreign equity last week, the Union government demonstrated uncharacteristic courage and conviction. While this policy measure might help dispel doubts about its ability to take decisions, it has raised a political dust-storm more intense and widespread than it had probably bargained for. No doubt, taking a view on the issue of liberalising FDI norms for multi-brand retail had been on the government’s agenda for...

Cutting across party lines, several members of Parliament backed a universal public distribution system to ensure food security for all citizens “as a right” and vowed to oppose the ‘targeted' food security bill in Parliament. Among the participants at a Jan Manch organised by the Right to Food Campaign were G. Vivekananda, K. Keshava Rao and Mani Shankar Aiyer (Congress), Prakash Javadekar (BJP), Brinda Karat and P. Rajeev (CPI-M), D. Raja...

-The Hindu   The All-India Democratic Women's Association (AIDWA) has strongly opposed the decision of the Congress-led government to throw open the Indian retail market to Foreign Direct Investment (FDI) to the tune of 51 per cent in the multi-brand retail sector. “This will have a very serious and adverse impact on around 1.5 crore small retailers in our country. The livelihood of more than 4 crore self-employed people is being placed at...

Notification of rules is a step forward, but a lot more needs to be done A bunch of children selling toys at a traffic signal, small boys cleaning tables at restaurants or washing glasses at tea shops or little girls engaged as baby sitters – the effective implementation of the Right of Children to Free and Compulsory Education Act, 2009, will possibly make such instances a thing of the past. However, for...