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Indian PM Manmohan Singh defends retail reform

-BBC   India's PM Manmohan Singh has defended the decision to open up the retail market to global supermarket chains, saying it will be good for both "farmers and the common man". Mr Singh was reacting to opposition demands to reverse the decision to allow 51% foreign ownership of multi-brand retail stores. Opposition politicians say the move will damage India's small retailers. Parliament has been in uproar and was forced to adjourn again on Wednesday. 'Better...

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FDI in retail: Farmer bodies throw their weight behind retail FDI by Sutanuka Ghosal & Nidhi Nath Srinivas

Large farm lobbies are backing the government's decision to allow foreign supermarkets to set up shop in the country, saying it will shorten the supply chain and get growers a larger share of the final selling price.  Most farmers, however, want the government to go a step further and make it mandatory for retailers to buy 75% of their produce directly from farmers, bypassing the restrictive 'mandi' auction system.  "Traders and middlemen...

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Wholesale sell-out by Sitaram Yechury

The current impasse in Parliament has created a logjam that threatens to disrupt the proceedings of the winter session. The latest reason that has brought the situation to such a pass is the decision of the Union cabinet to permit foreign direct investment (FDI) in the multi-brand retail sector, opening the way for international supermarket giants like Wal-Mart, Carrefour and Tesco to open their shops in India. While the Cabinet does...

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The weak link in child development

-The Business Standard   Vimla Devi is a committed anganwadi worker (AWW) in a remote village in Uttar Pradesh, the most populated state of India. Anganwadi is a village level institution under Integrated Child Development Scheme (ICDS), one of the most talked about flagship programmes of the Indian Government. She is also the weakest link in a critical programme, which is underfunded, says Shantanu Gupta in the first of field-data reports, the...

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Who is afraid of FDI in retail?

-The Times of India   Given the debate that's raging over opening the retail sector to foreign direct investment, we bring you the government's view, the opposition's objections and TOI's take on the issue. Government argument * Huge investments in the retail sector will see gainful employment opportunities in agro-processing, sorting, marketing, logistics management and front-end retail. * At least 10 million jobs will be created in the next three years in the retail sector. *...

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