-Live Mint FDI or not, there are problems that plague Indian agriculture and will need to be fixed first With the parliamentary vote on foreign direct investment (FDI) in multi-brand retail out of the way, the government will proceed with the liberalization of this sector as it thinks it will improve the prospects of agriculture. Should we be worried about our small neighbourhood stores shutting down? The fears are overblown. Organized large-format retail...
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Retail store builders set to get FDI boost -Sachin Dave
-The Hindustan Times As both Houses of Parliament cleared the way foreign direct investment (FDI) in multi-brand retail, the mood of commercial real estate developers, who were facing a tough time building and renting out malls, is expected to look up. A revival of investment plans is on the cards. The supply of rental spaces across India recorded a drop of 65% in 2012 from the previous year, according to a report...
More »Delhi may become first state to have Walmart store
-PTI Delhi may soon become the first city in the country to have global retail chains like Walmart and Tesco, with the city government all set bring a bill in the Winter session of assembly beginning on Tuesday to remove hurdles in ensuring "effective" implementation of Foreign Direct Investment (FDI) in multi-brand retail. The city government will bring an amendment to the Agricultural Produce Marketing Committee (APMC) Act for facilitating direct purchase...
More »Walmart lobbying report sparks stir, BJP, Left Front demand probe
-CNN-IBN The Opposition is crying foul over reports of global retail giant Walmart lobbying US lawmakers to get into India. The BJP and the Left Front joined hands to collectively take on the government, demanding an inquiry into reports that Walmart had spent Rs 125 crore on lobbying with US lawmakers to facilitate its expansion into markets including India over the past four years. The BJP, in fact, compared it to...
More »The Colours Of Fallacy -Prasenjit Bose
-Outlook Talking ‘communal’ about FDI trivialises the secular cause If one adds up the number of MPs in the Lok Sabha belonging to political parties that have a stated position against FDI in retail trade, it will certainly be bigger than the number of MPs in favour of FDI. Actually, the figure goes well past the Lok Sabha majority mark of 272. Yet the resolution opposing FDI received only 218 votes...
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