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Electoral politics obstructing FDI in retail: Pranab

-CNN-IBN Finance Minister Pranab Mukherjee on Friday claimed that foreign direct investment (FDI) in retail sector will significantly reduce post Harvest losses and targeted the Opposition parties for obstructing the implementation of the FDI policy.   "Narrow political considerations are coming in the way of decisions like FDI in retail," said Pranab Mukherjee while addressing the Hindustan Times Leadership Summit in New Delhi. Reiterating that the Government will ultimately be able to persuade everyone...

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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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Kaun Banega Scorepati? by Jean Drèze

There is no typo in the title of this article, but the term “scorepati” is perhaps confusing. By way of explanation, let me introduce three acquaintances. Meena, age 50, lives in a two-room kaccha hut with her disabled husband Chhote Lal who studied up to Class 2. They own half an acre of unirrigated land and a goat. Meena is unable to take up any remunerated work as Chhote Lal needs...

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Government firm on FDI in retail, may at best defer decision by Smita Gupta

The United Progressive Alliance government appeared determined on Monday not to roll back its decision to permit foreign direct investment (FDI) in the multi-brand retail sector, despite intense pressure from allies and the Opposition alike, not to mention the Congress' Uttar Pradesh unit which faces an uphill task in next year's Assembly polls. At best, sources said, the government might postpone a decision on its implementation by referring it to an...

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MGNREGA triggers farm labour shortage during agri season: Pawar

-PTI   Studies suggest that MGNREGA has triggered shortage of labour for agricultural operations like sowing and Harvesting in the key agri states and has also pushed up general wage level, Parliament was informed today.   These were the findings of state-level studies conducted by Agro Economic Research Centres under the Ministry of Agriculture, Union Agriculture Minister Sharad Pawar said in a written reply to the Rajya Sabha. The studies were conducted in Karnataka,...

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