Global retail chains looking to set up shop in India may face several challenges such as delay in the implementation of goods and services tax and restrictions imposed by the Agricultural Produce Marketing Committee (APMC) Act, besides political opposition. These hurdles can be roadblocks in providing real benefits to farmers and consumers as intended by the government in opening the multi-brand retail sector to foreign direct investment. “GST (goods and services tax)...

-The Hindu   In a show of audacity, the United Progressive Alliance government has decided to further open up the retail trade sector to foreign investment. Foreign investors will be permitted to enter the hitherto prohibited multi-brand retail segment and hold equity of up to 51 per cent in the units established. That there is widespread political opposition to this change in policy was known for long. Hence, the move is nothing...

-PTI   Food Minister K V Thomas today said the draft Food Security Bill is expected to go to Cabinet by December 10 to pave the way for its introduction in the ongoing Winter Session of Parliament. "We have asked the government departments to send their comments on the draft Food Security Bill by December 1. After this, it is expected to go to the Union Cabinet by December 10," Thomas, whose...

-PTI Food Minister KV Thomas today said the draft Food Security Bill is expected to go to Cabinet by December 10 to pave the way for its introduction in the ongoing Winter Session of Parliament. "We have asked the government departments to send their comments on the draft Food Security Bill by December 1. After this, it is expected to go to the Union Cabinet by December 10," Thomas, whose ministry is...

-CNN-IBN As the Cabinet meets to decide on allowing Foreign Direct Investment (FDI) in the multi-brand retail, it remains to be seen whether the Prime Minister will bite the bullet. The Bharatiya Janata Party (BJP), the Left, UPA ally Trinamool Congress along with some Cabinet ministers Veerappa Moily and Mukul Wasnik have opposed it. While the BJP feels that FDI will lead to unemployment, the Left has said that it may lead...