The FDI in retail debate has apparently fully traversed the realm of reason and for it seems to have degenerated into name-calling. I had intimation of this when a diplomat who meets me from time to time asked me if I was being put up, for a price, by Indian corporate interests to stymie the entry of the big western firms like Wal-Mart and Carrefour? I can well imagine the...
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NREGA's new avatar: Work later, take home cash now by Devika Banerji
The government is likely to allow advance part payment of wages in a bid to restore faith of beneficiaries in its flagship rural jobs scheme. The proposal is part of a slew of measures to address mounting criticism of the centrally-funded Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) which is beset by administrative logjam and charges of leakages. The rural development ministry has asked states to initiate a monthlong pilot...
More »Youth in Asia Pacific face serious employment issues by Meena Menon
Mismatch between potential and experience confounds many a job-seeker, say managers Mun Ching Yap had gone as a journalist to an airline company to interview its executive official, but her excitement, passion and ability to learn earned her a job as the head of the company's strategic planning department. Ms. Mun, now a columnist and entrepreneur from Malaysia, was 28 years old then. “In Malaysia, the median age of the population is 27,...
More »NREGA Lines Pockets. Not of the Poor by Abhishek Bhalla
JANGU, 40, a Dalit labourer in Paraspur village in Gonda district, 120 km northeast of Lucknow, displays his job card in complete disbelief. “My job card was made three years ago and shows three payments. But I was never given any work, so how was the payment made?” he asks, puzzled. The first entry shows a payment of Rs 1,400 but he received a paltry Rs 100. He never went...
More »FDI row: India Inc's overseas retail biz on high FDI by Pradeep Thakur
While the government may be finding it difficult to get its FDI in multi-brand retail pass the test of Parliament, India Inc has been pledging huge investments in wholesale and retail trade abroad, including in countries like the US and the UK. In the 2010-11 fiscal, investments of Indian companies in wholesale and retail trade overseas went up 78% as compared to the previous year - up from $1,052 million in...
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