-The Indian Express The finance ministry has come to an agreement with the department of industrial policy and promotion about what the government’s policy towards foreign direct investment in retail should look like. This means the retail FDI proposal will be placed before the cabinet soon, and hopefully will be cleared as soon as possible. Currently, only 51 per cent foreign investment is permitted, and only in stores selling a single...
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FDI if retailers procure 30% stuff from small industry by Surajeet Das Gupta & Nayanima Basu
Indian suppliers must be units with investment up to Rs 1.25 cr, says draft before cabinet. Multinational retailers such as Walmart, Tesco and Carrefour looking to open stores in the country may have to source almost a third of their merchandise from small Indian manufacturers as the government tries to make the opening of multi-brand retail to foreign players more politically palatable. The draft cabinet note for permitting 51 per cent foreign...
More »Can the Planning Commission be reinvented? by Sanjeeb Mukherjee, Indivjal Dhasmana & Vrishti Beniwal
Caught in the middle of a maelstrom of controversies, the Planning Commission has been accused of being disconnected from ground realities. Its 12th Plan hopes to fix that. A short while ago, the Congress general secretary and scion of the Nehru-Gandhi dynasty, Rahul Gandhi, remarked that members of the Planning Commission are not in touch with the ground realities in India. He could have been somewhat influenced by his father, former...
More »A Bill that facilitates displacement? by R Uma Maheshwari
The foreword — to the Draft National Land Acquisition and Rehabilitation and Resettlement Bill 2011 — that says “urbanisation is inevitable” (I.p.1) signifies danger. The Bill, if enacted in its present form, is likely to worsen, and not stop, displacement of tribal, Dalit and other backward communities. The Bill states: “The issue of who acquires land is less important than the process of land acquisition, compensation for land acquired and...
More »Opposition corners UPA on price rise in Parliament
-The Times of India The BJP-led Opposition on Wednesday launched its attack on the UPA government over the issue of price rise in Lok Sabha. Opening the debate, BJP leader Yashwant Sinha said that the BJP did not want the growth of economy if poor were dying of hunger. "Price rise is the worst kind of taxation on poor. The government should take immediate measures to check price rise" Sinha said. Continuing the...
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