With deep pockets and international sourcing capabilities, global retail chains will outcompete domestic players, displace jobs, and undermine livelihoods. In predictable fashion, the Manmohan Singh government chose to ignore voices of opposition and implement its agenda of permitting foreign investment in the retail trade. While Parliament was in session, the Cabinet met to approve the hitherto prohibited foreign direct investment in multi-brand retail, with a cap of 51 per cent on...

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...

-PTI   Studies suggest that MGNREGA has triggered shortage of labour for agricultural operations like sowing and harvesting in the key agri states and has also pushed up general wage level, Parliament was informed today.   These were the findings of state-level studies conducted by Agro Economic Research Centres under the Ministry of Agriculture, Union Agriculture Minister Sharad Pawar said in a written reply to the Rajya Sabha. The studies were conducted in Karnataka,...

-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...