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India Inc jittery over report on sexual offence, expresses concerns over some proposals -Aman Sharma & Rica Bhattacharyya

-The Economic Times A high-level panel set up after last month's gang-rape case in Delhi may have made headlines for not recommending the death penalty for rapists, but it is triggering concerns across India Inc for advocating far-reaching changes in rules that govern sexual harassment in corporate workplaces. The panel headed by former Supreme Court chief justice JSVerma, in its report submitted to the government, has said employers must not attempt conciliation...

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Government pushes banks to go rural, but will it pay?-Swati Pandey and Rajendra Jadhav

-Reuters RANCHHODPURA, India (Reuters) - Working out of a tiny rented room furnished with a wooden table, small biometric authentication machine and shelf stacked with passbooks, Ganesh Dangi is a one-man bank for a village of 650 people in northwestern Rajasthan. A business correspondent, or local representative, for State Bank of Bikaner and Jaipur (SBBJ) in Ranchhodpura village, 40 km (25 miles) east of Udaipur, Dangi is racing to sign up villagers...

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Business by other means -Ajoy Ashirwad Mahaprashasta

-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...

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Bills stuck, govt opts for UGC push to reforms -Charu Sudan Kasturi

-The Hindustan Times All colleges may soon have to get accredited, and foreign varsities will be able to offer joint degrees with Indian universities – without the enactment of laws making accreditation mandatory and allowing foreign institutions entry into India. With 14 bills aimed at a plethora of higher education reforms stuck at different stages of parliamentary approval, the UPA has decided to try and use existing laws to draw up regulations...

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Of FDI, Wal-Mart & controversies: An eventful year for retail

-PTI The retail sector, where the government permitted foreign direct investment in multi-brand, courted controversies during the year with several opposition parties making it a political issue in Parliament. Even before its entry into multi-brand retail, the global chain Wal-Mart was grappling with various issues, including spending money in the US on lobbying for entry into India. Adding action to the drama was Swedish furniture chain IKEA's hectic bargaining with the government over...

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