-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...
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Government plans to introduce direct cash transfer for food subsidy in 6 UTs and ‘willing states’-Urmi A Goswami
-The Economic Times The government plans to introduce direct cash transfer for food subsidy in six Union Territories and 'willing states' for PDS scheme, taking a key step to plug leakages in welfare schemes. In the pilot project, expected to be rolled out from April, beneficiaries will receive the subsidy amount in their bank accounts, and will buy rice and wheat from the fair price shops. The fair price shops will sell...
More »Sebi has bizarre reasons to evade RTI queries -Gangadhar S Patil
-DNA Among the many government departments trying to subvert the sunshine Right to Information law by denying information on frivolous grounds, market watchdog Securities Exchange Board of India (Sebi) appears to be at the forefront of citing bizarre reasons for denial. Replying to an application filed by DNA in January 2010, Sebi said it could not furnish copies of board meetings’ minutes because photocopying them would damage the original records. “If there...
More »Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar
-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
More »Delhi Not Disabled-Friendly: Study
-Outlook Delhi may claim to be a world-class city but it lacks basic disabled-friendly infrastructure, a study has found. The study, conducted in some of the city's busiest places like Connaught Place, Lodhi Road, Sarai Kale Khan and Nehru Place during past one month by an NGO, found that street infrastructure was missing, making it difficult for disabled and elderly people to navigate. During the study, NGO Samarthyam sent a team of persons...
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