-CNN-IBN The Opposition is crying foul over reports of global retail giant Walmart lobbying US lawmakers to get into India. The BJP and the Left Front joined hands to collectively take on the government, demanding an inquiry into reports that Walmart had spent Rs 125 crore on lobbying with US lawmakers to facilitate its expansion into markets including India over the past four years. The BJP, in fact, compared it to...
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Global wage growth slows despite increases in emerging economies–UN report
-The United Nations Global wages remain far below pre-crisis levels, says a new United Nations report, which points to a continuing slowdown in developed countries alongside increases in emerging economies. The Global Wage Report 2012/13, released today by the International Labour Organization (ILO), shows that global monthly wages grew by 1.2 per cent in 2011, down from three per cent in 2007 and 2.1 per cent in 2010. It also cites huge...
More »Horrific Bangladesh factory fire revealed a gap in safety for global brands-Jim Yardley
-The New York Times ASHULIA, BANGLADESH: The fire alarm shattered the monotony of the Tazreen Fashions factory. Hundreds of seamstresses looked up from their machines, startled. On the third floor, Shima Akhter Pakhi had been stitching hoods onto fleece jackets. Now she ran to a staircase. But two managers were blocking the way. Ignore the alarm, they ordered. It was just a test. Back to work. A few women laughed nervously. Ms....
More »Start now, fix later -Samar Halarnkar
-The Hindustan Times Indians love slogans. So, since Independence, successive governments have offered catch lines to their electorates. Some slogans were inopportune because they were of dubious accuracy. Jawaharlal Nehru’s 1950s ‘Hindi-Chini bhai-bhai’ — Indians and Chinese are brothers — (even Nehru did not believe this), led to a battlefield defeat. The Congress’ 1975 Emergency-era ‘Indira is India and India is Indira’ and the BJP’s 2004 ‘India Shining’ were electoral disasters. Some...
More »How Wal-Mart got a foot in the door of India's retail market
-Reuters MUMBAI: Wal-Mart Stores Inc prepared its entry into India's supermarket sector in 2010 with a $100 million investment into a consultancy with no employees, no profits and a scant $14,000 in revenue. The company, called Cedar Support Services, might have been a more obvious selection four months earlier: it began its corporate life as Bharti Retail Holdings Ltd, according to documents filed with India's Registrar of Companies. The Cedar investment is now...
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