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RSS-affiliate Swadeshi Jagran Manch alleges ‘nexus’ in retail trade

-The Hindu The SJM resolution repeatedly referred to the Reliance Industries’ foray into the retail sector and warned that local kirana stores would be transformed into fulfilment centres for Jio Mart. The Swadeshi Jagran Manch (SJM) on December 13 demanded that the government not allow a “nexus” of multinational companies and large Indian business houses such as Reliance Industries to dominate the retail industry in the country as it would lead to...

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Economic Liberalisation and Fertilizer Policies in India -Prachi Bansal and Vikas Rawal

-Society for Social and Economic Research The economic reforms which were started in 1991 shifted the focus of fertilizer policies away from playing a leading role in building the fertilizer industry and ensuring the availability of fertilizers at affordable prices to farmers. Under the neo-liberal policy framework, reducing the fiscal burden of fertilizer subsidies and the foreign exchange burden of fertilizer-related imports became the overriding concerns of the state.  Interestingly, the post-liberalisation...

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People's Bank of China acquires stake in ICICI Bank

-The Telegraph Move comes amid the standoff between New Delhi and Beijing in Ladakh and Modi govt tightening its rules on FDI from the country Mumbai: The People's Bank of China (PBOC) — the Chinese central bank — is using the portfolio route to pick up stakes in Indian companies amid the standoff between New Delhi and Beijing in Ladakh and the Modi government tightening its rules on foreign direct investment (FDI)...

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No Dialogue with Trade Unions, India's Labour Laws Are Now a Product of Unilateralism -KR Shyam Sundar

-TheWire.in The lack of any discussion with the legitimate representatives of millions of workers whose welfare is at stake is a worrying trend. In the last two months, India’s labour laws have experienced rapid changes in the blink of an eye. A number of state governments have either amended or are considering amending the Factories Act, 1948 to extend maximum working hours which violates the ILO Convention, Hours of Work (Industry), 001. Madhya...

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India’s three new agricultural ordinances will weaken state finances – and shortchange farmers -Narasimha Reddy Donthi

-Scroll.in The Central government has thrown its weight behind traders, investors and corporations. Three ordinances approved at a cabinet meeting on June 3 were hailed as landmark decisions that would benefit Indian farmers and transform the agricultural sector. One of these, the Essential Commodities (Amendment) Ordinance, 2020, amends the existing act to remove all agricultural commodities from the list of essential commodities. The government assumes that “the freedom to produce, hold, move, distribute...

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