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...
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Centre doubles sop for UP weavers to Rs 6,000 crore
-The Times of India The Centre on Saturday announced a Rs 6000-crore package for the handloom sector, doubling the announced financial relief, in what is seen as an outreach to the weaver community with authorship of Rahul Gandhi ahead of crucial UP elections. The sop increased with the government including individual loan defaulters, who are not part of a cooperative for loan amnesty, and in giving incentive for timely payment of loans...
More »Finance Ministry approves changes in Food Security Bill
-The Hindu The Finance Ministry had approved the changes in the draft National Food Security Bill that were incorporated after taking the views of the Department of Women and Child Development as well as those posted on the Food Ministry's website, Minister of State for Food and Public Distribution K.V. Thomas said on Thursday. The Ministry would soon bring to the Cabinet a revised draft after incorporating the comments of the Ministries...
More »Pranab approves changes in Food Bill
-PTI Finance Minister Pranab Mukherjee, the head of the Empowered Group of Ministers (EGoM) on Food, has approved key changes in the proposed National Food Security Bill and the revised draft will be placed before Cabinet soon. ”Yesterday evening, the Finance Minister has given final clearance to the draft Food Bill. It will be soon placed before Cabinet,” told Food Minister K V Thomas. The key changes proposed in the Bill have been...
More »States oppose funding formula mooted in food security bill by Sandip Das
Several state governments have come out strongly against how the centre has planned the resource mobilisation for the national food security law, a key initiative of the UPA-II government. States including those ruled by the Congress party has complained to the Union food ministry that legal entitlements for subsidised grain to a large section of the population as envisaged in the Bill would put an enormous financial burden on them....
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