-Tehelka Here are the gaping holes in the argument for FDI in retail. No smooth talk can pave over it TOUTED AS a cure-all for India’s economic ills, Foreign Direct Investment (FDI) in multi-brand retail is at best an anodyne, and at worst, toxic. It is an attempt to lift markets by fabricating sentiment; signalling an economic turnaround without any concrete steps being taken to trim the fiscal deficit or boost manufacturing. All...
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Dalit houses, property systematically destroyed -R Ilangovan
-The Hindu Most of the youth were working outside district when the attack took place With normality limping back to Dalit villages in Dharmapuri district, which witnessed a caste flare-up on Wednesday evening, the victims have alleged that an act of ‘systematic destruction’ of their properties and livelihood resources has taken place. The Dalit settlements of Natham, Kondampatti and Annanagar in Naikkankottai villages bore the brunt of mob fury following the suicide of...
More »Slum dwellers contribute 3-3.5% of Bangalore's economy-Mahesh Kulkarni
-The Business Standard A study has found that the poor households earned a total of Rs 1,545 cr, spent a total of Rs 1,185 cr, and contributed a savings of Rs 360 cr to the city in 2011 Urban poor living in slums of Bangalore contribute 3-3.5 per cent of the City’s economy. About 9-11 per cent of the city’s population that lives in slums contribute between Rs 1,643 crore to Rs...
More »India's supermarket move shows its tired government has run out of ideas-Jayati Ghosh
-The Guardian Allowing foreign chains such as Tesco to open in India will drive up unemployment and exploit small producers India's ruling coalition has been rocked after its second-largest partner withdrew this week. The latest round of political instability comes about because prime minister Manmohan Singh announced a number of economic measures without consulting his allies. The announcements – that diesel prices were to be raised, and that India's retail and domestic...
More »Sivakasi, the destroyer
-The Hindu The fireworks that light up the night sky during Diwali bear no trace of the hazardous working conditions in their place of origin: Sivakasi and its surrounding villages in southern Tamil Nadu. The tragic death of nearly 38 workers and onlookers at a fireworks unit in Mudalipatti village on Wednesday is another gruesome reminder of the dangers lurking behind small-scale cracker factories that neglect laws and rules in the...
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