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...

Bills aimed at making judges, public utilities more accountable, and protecting whistleblowers The Union Cabinet on Tuesday cleared three crucial anti-graft Bills aimed at making judges and public utilities more accountable and protecting whistleblowers. The Bills come at a time when the government is being attacked by both the opposition and anti-corruption activist Anna Hazare​ and his team. Analysts are doubtful about the intentions of the Congress party-led United Progressive Alliance (UPA). The...

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...

Two days after major opposition parties extended their support to the demand for a strong Lokpal (ombudsman) as proposed by the anti-graft crusader Anna Hazare during his one day fast at Jantar Mantar, Uttar Pradesh (UP) chief minister and Bahujan Samaj Party (BSP) supremo Mayawati also offered her conditional endorsement. Mayawati on Tuesday rejected the Parliamentary Standing committee's report on Lokpal bill. She described the Lokpal report drafted by the committee...

-CNN-IBN The Union Cabinet on Tuesday cleared three major anti-corruption bills – Citizen's Charter Bill, Judicial Accountability Bill and the Public Interest Disclosure and Protection to Persons Making the Disclosures Bill (Whistleblower's Bill) – in a crucial meeting. The Cabinet, however, met amid reports of clearing four crucial bills, including Congress president Sonia Gandhi's favourite, the National Food Security Bill. However, a decision on the Food Security Bill was deferred to next week...