Here's the wonderful thing about the FDI-in-retail debate: never have struggling Indian farmers found so many champions. They've been crawling out of the woodwork. Foreign direct investment in retail may be on hold, but Hillary Clinton can stop worrying about Anand Sharma and Pranab Mukherjee. “How does (Commerce Minister) Sharma view India's current Foreign Direct Investment guidelines? Which sectors does he plan to open further? Why is he reluctant to open multi-brand...

-The Economic Times The entire political opposition to allowing overseas investment in retail is focused on the assumed plight of traders and small merchants in India. How about consumers, who outnumber sellers by many multiples? And what about farmers, the bulk of India's population? The idea of organised retail is to get quality stuff to buyers at reasonable prices. To do that, retailers employ technology, storage and logistics to cut overhead...

Manmohan Singh today refused to yield to pressure on the question of allowing foreign direct investment in retail and appeared ready for a protracted battle, including the risk of a vote in Parliament despite his government’s fragile majority. Somewhat reminiscent of his nuclear deal stand, the Prime Minister confronted those who had accused the government of taking a hasty decision on retail. “We have not taken this decision in haste, but after...

-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...

As the Congress scion Rahul Gandhi campaigns in Mayawati' s bastion asking UP's downtrodden to think big, a planning commission panel has shown the UPA government how to walk the talk. A working group on welfare of the Schedule Castes (SCs) has asked the government to set up a National Bank for Inclusive Development to support businessmen from the backward sections. The move is to encourage Dalits and other weaker sections with...