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FDI in retail: Farmers gain, but SMEs & kiranas complain by Sutanuka Ghosal & Madhvi Sally

-The Economic Times   With the entry of foreign supermarket players, farmers across India's six lakh villages stand to gain from greater market access, higher profits, better technology and direct linkage with consumers.  "Direct purchase from farms has hugely benefited small farmers like us who were not getting good returns by selling in the local mandi," said Abdul Majid, from Malerkotla in Punjab, who has been selling vegetables from his one-acre farm to...

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Women's health is more than an economic issue by Jayati Ghosh

While higher income levels mean countries have more money to improve women's health, ultimately it comes down to how governments decide to spend the money We know that economic growth and human development do not always go hand in hand, as evidenced by the very different position of countries in per capita GDP rankings compared with human development rankings. But the link between health conditions and economic growth is usually thought...

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Super market news

-The Indian Express   The finance ministry has come to an agreement with the department of industrial policy and promotion about what the government’s policy towards foreign direct investment in retail should look like. This means the retail FDI proposal will be placed before the cabinet soon, and hopefully will be cleared as soon as possible. Currently, only 51 per cent foreign investment is permitted, and only in stores selling a single...

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FDI if retailers procure 30% stuff from small industry by Surajeet Das Gupta & Nayanima Basu

Indian suppliers must be units with investment up to Rs 1.25 cr, says draft before cabinet. Multinational retailers such as Walmart, Tesco and Carrefour looking to open stores in the country may have to source almost a third of their merchandise from small Indian manufacturers as the government tries to make the opening of multi-brand retail to foreign players more politically palatable. The draft cabinet note for permitting 51 per cent foreign...

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PILs can't be based solely on RTI information: SC by Dhananjay Mahapatra

Information obtained under Right To Information Act is increasingly becoming the basis of public interest petitions seeking judicial redress of grievances. The Supreme Court on Monday disapproved of this modus operandi and said from now, it would not entertain PILs solely based on RTI information. "Petitioners banking on information obtained through RTI Act must approach the concerned ministry, bring the facts to its notice and demand justice. If the ministry does...

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