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Welfare wisdom

-The Indian Express The Congress’s long-deferred promise, the food security bill, has been cleared by the cabinet and will now be debated and refined in Parliament. For all its formidable complexity, the draft bill is evasive on some of the fundamentals, like exactly who will be served by the subsidy. Though it has moved away from a narrowly targeted, tightly rationed approach and now intends to make cheap foodgrain readily available to...

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FDI in Retail: Misplaced Expectations and Half-truths by Sukhpal Singh

The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...

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Experience so far by CP Chandrasekhar

Global experience in retail trading by MNCs does not tally with the presumptions on which the UPA government's FDI policy is based. IN the course of the debate on the need to permit foreign direct investment in retail in India, two arguments have been advanced often. The first argument is that large organised retail is good for not just consumers, who would benefit from lower prices owing to cost efficiencies...

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Traders' concern by TK Rajalakshmi

Indian traders reject FDI in multi-brand retail and emphasise the need for a policy to regulate the labour-intensive sector. TRADERS across the country responded angrily to the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail trade, disproving the arguments of the United Progressive Alliance (UPA) government and the assessment of corporate India, which had tried hard to make it appear that traders and...

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FDI in retail—UPA ‘retired hurt’ by P Sainath

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...

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