Antony, Jairam and Virbhadra say it will hit small retailers badly The United Progressive Alliance government pushed through the proposal to permit 51% FDI in multi-brand retail and 100% foreign equity in single-brand trading on Thursday, in the face of vigorous protests not just from the Opposition and ally Trinamool Congress (TMC), but also disquiet in a section of the Congress. Following up on this, the Congress Core Group met here on...
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Efforts to prevent and treat HIV/AIDS are yielding progress – UN report
-The United Nations Global efforts to prevent and treat HIV/AIDS are showing optimistic results, but transformative efforts are needed to accelerate progress, according to the latest report released today by the United Nations agency leading the fight against the disease. The Report on the Global AIDS Epidemic 2011, produced by the Joint UN Programme on HIV/AIDS (UNAIDS), shows there has been a significant decrease in infection rates and HIV-related deaths, as well...
More »New Lamps for Old by Chandrashekhar Dasgupta
The climate change negotiations are deadlocked because of a basic difference of approach. Developing countries are calling for enhanced implementation of existing agreements, while developed countries are insisting on a new agreement that would shift a large share of their obligations to the shoulders of developing countries, particularly the ‘newly emerging economies’ like India and China. The European Union is calling for negotiations on a new agreement to replace the...
More »“Government tinkering with parliamentary system”
The Communist Party of India (Marxist) on Tuesday charged the United Progressive Alliance government with attempting to “tinker with” the parliamentary system to suit the United States and its companies by “diluting” the rules of the Nuclear Liability Act. Referring to Prime Minister Manmohan Singh's statement that the rules framed for the Act would sit in Parliament for 30 days, CPI(M) Rajya Sabha leader Sitaram Yechury said so far the Committee...
More »What’s Wrong and Right with Microfinance by David Hulme and Thankom Arun
Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...
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