-Live Mint FDI or not, there are problems that plague Indian agriculture and will need to be fixed first With the parliamentary vote on foreign direct investment (FDI) in multi-brand retail out of the way, the government will proceed with the liberalization of this sector as it thinks it will improve the prospects of agriculture. Should we be worried about our small neighbourhood stores shutting down? The fears are overblown. Organized large-format retail...
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Delhi may become first state to have Walmart store
-PTI Delhi may soon become the first city in the country to have global retail chains like Walmart and Tesco, with the city government all set bring a bill in the Winter session of assembly beginning on Tuesday to remove hurdles in ensuring "effective" implementation of Foreign Direct Investment (FDI) in multi-brand retail. The city government will bring an amendment to the Agricultural Produce Marketing Committee (APMC) Act for facilitating direct purchase...
More »Chill of hike freeze-Meghdeep Bhattacharyya
-The Telegraph Kolkata: Owners of potato cold storages today announced a day’s shutdown on Monday and threatened a longer agitation to protest the Mamata Banerjee government’s refusal to allow a rent hike. Many officials termed this as another instance of the “populist” government’s reluctance to raise tariffs. “The rent is our only source of income. Overhead costs have spiralled in the past two years. But the government is not allowing us to increase...
More »FDI in retail must be measured by benefits for consumer & economy, not just for farmers
-The Economic Times The recent decision of the government to allow FDI in multi-brand retail trade has attracted heated debate and emotive reactions. Though the main consideration for allowing FDI in retail is not its benefit for farm sector, the debate has predominantly focused on threats and benefits to the country's farmers and the farm sector. Interestingly, the main stakeholders, i.e., farmers, have not reacted much to the policy decision and...
More »Government mulls setting minimum quantities for export of agri-commodities
-PTI To overcome inconsistencies in farm export-import policy, Food Minister K V Thomas today said the government is considering allowing a minimum level of quantity for export of select agri-commodities to help India become a stable player in the global market. "We are working on a mechanism to have a stable export-import policy on select agricultural commodities such as sugar, wheat and rice," Thomas said at the Kingsman 4th Indian Sugar Conference...
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