In opening up the retail trade to foreign equity last week, the Union government demonstrated uncharacteristic courage and conviction. While this policy measure might help dispel doubts about its ability to take decisions, it has raised a political dust-storm more intense and widespread than it had probably bargained for. No doubt, taking a view on the issue of liberalising FDI norms for multi-brand retail had been on the government’s agenda for...
More »SEARCH RESULT
The retail counter-revolution by CP Chandrasekhar
With deep pockets and international sourcing capabilities, global retail chains will outcompete domestic players, displace jobs, and undermine livelihoods. In predictable fashion, the Manmohan Singh government chose to ignore voices of opposition and implement its agenda of permitting foreign investment in the retail trade. While Parliament was in session, the Cabinet met to approve the hitherto prohibited foreign direct investment in multi-brand retail, with a cap of 51 per cent on...
More »FDI row: Desperate finance minister, helpless party by Sheela Bhatt
Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...
More »Front seeks greater representation for Muslims
-The Hindu A host of political and religious leaders shared the dais at a public meeting organised by the Popular Front of India at the Ramlila Maidan here on Sunday. They demanded greater representation for Muslims in Parliament and Assemblies, besides reservation in government and private sector jobs. They wanted Muslims and other downtrodden sections of society to join hands in fighting social inequality and injustice. The meeting was organised to mark...
More »Caught between quota and sub-quota by Vidya Subrahmaniam
Reservation for Muslims in jobs and education — feverishly anticipated over the past two years and expected to be announced ahead of the Uttar Pradesh Assembly elections — might turn out to be a headache the Congress unthinkingly bought itself. As Muslim groups have been arguing, the route under the United Progressive Alliance government's consideration — a 6 per cent Muslim sub-quota within the 27 per cent OBC quota — would...
More »