-The Hindu FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared Notwithstanding the strong opposition to its reforms agenda, the Manmohan Singh government on Thursday pressed ahead with more big-ticket reforms, raising the FDI cap in the insurance sector to 49 per cent, opening up the pension sector for foreign investment and clearing the Companies Bill, 2011. It also approved amendments to the...
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Land acquired over past decade could have produced food for a billion people-John Vidal
-The Guardian Oxfam calls on World Bank to stop backing foreign investors who acquire land for biofuels that could produce food International land investors and biofuel producers have taken over land around the world that could feed nearly 1 billion people. Analysis by Oxfam of several thousand land deals completed in the last decade shows that an area eight times the size of the UK has been left idle by speculators or is...
More »WHO pans India for morphine curbs -Kounteya Sinha
-The Times of India Strong control over morphine — a highly effective painkiller that has left millions of Indians in needless pain — has left India red-faced on the global stage. Calling use of opioid analgesics like morphine "sub-optimal" in India, the World Health Organization (WHO) on Wednesday asked India to immediately reassess regulatory requirements on the dispensing of essential medicines like morphine to ensure their wider availability and accessibility besides sensitizing...
More »Indian Internet economy all set to explode: study -Shalini Singh
-The Hindu Internet’s contribution to GDP will grow from $30 billion to $100 billion by 2015 The Internet has established its role as a powerful economic force multiplier with a new study projecting that its contribution to India’s GDP will explode to $100 billion (Rs. 5 lakh crore) by 2015 from $30 billion (Rs.1.5 lakh crore) at present. The study on the “Impact of Internet on the Indian Economy” by McKinsey, which is...
More »Small is big in Asia’s booming retail sector -A Srivathsan
-The Hindu Organised retail involving FDI and international players can lead to a shrinking of traditional small merchant trade. That is bad news for political parties and governments. When discontent among traders brews, they act. A. Srivathsan looks at how Japan, Indonesia and Thailand responded, using zoning laws and size regulation as a control mechanism. Look East to find out what happens when foreign retailers set up shop. Asia’s recent economic history...
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