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CPI(M) opposes FDI in multi-brand retail trade

-The Hindu   This pro-MNC neo-liberal framework will hit Indians It's a ploy to push for more sops to MNCs The CPI(M) on Saturday opposed the move to allow foreign direct investment (FDI) in multi-brand retail trade and called upon political parties and organisations to protest against this retrograde move. The CPI(M) Polit Bureau, in a statement, opposed the suggestion by the Inter-Ministerial Group on Inflation headed by the Chief Economic Adviser and said...

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Taming price rise: Govt panel for FDI in multi-product retail

-The Times of India   An inter-ministerial group (IMG) on inflation has recommended allowing foreign direct investment in multi-product retail as one of the two steps to tame rising prices and cut down the margin between farm gate and retail prices. This is the first formal recommendation by a government panel to allow FDI in the tightly policed and sensitive retail sector. "It is time for India to allow foreign direct investment in...

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Food Inflation in India to Climb on Labor, Energy Costs, Commission Says by Prabhudatta Mishra and Pratik Parija

Food-price inflation in India, Asia’s third-largest economy, may accelerate in the second half as farmers are paying 20 percent more to grow crops, according to the commission that helps set minimum farm-product prices. “The cost of production is going up very fast,” Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, said in a telephone interview yesterday. “The labor cost has gone up dramatically in the past one year...

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US puts India, Pak and China on watch list for IPR violation

United States has placed India, Pakistan, China and nine other countries on the top 'priority watch list' with regard to violations of intellectual property rights (IPR). America's trading partners on the Priority Watch List present the most significant concerns regarding insufficient IPR protection or enforcement, or otherwise limited market access for persons relying on intellectual property protection. Twelve countries-India, Pakistan, China, Russia, Algeria, Argentina, Canada, Chile, Indonesia, Israel, Thailand and Venezuela are...

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Food security: Thinking beyond export curbs by Ujal singh Bhatia

In an address to the Berlin Agriculture Ministers meeting last month, World Trade Organisation (WTO) Director General Pascal Lamy said export restrictions are a prime cause of recent surges in global food prices, and countries should find other ways of securing domestic supplies (“WTO chief: Alternatives to food export curbs needed”, Business Standard, January 23). Though export restrictions are an important contributor to rising food prices, they are by no...

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