-The Guardian Allowing foreign chains such as Tesco to open in India will drive up unemployment and exploit small producers India's ruling coalition has been rocked after its second-largest partner withdrew this week. The latest round of political instability comes about because prime minister Manmohan Singh announced a number of economic measures without consulting his allies. The announcements – that diesel prices were to be raised, and that India's retail and domestic...

-The Economic Times "Are we knowledge-proof?" asked the late Prof Raj Krishna. As memorable as his other coinage, the Hindu rate of growth, this question is relevant, given our current growth strategy. The SME sector is a vibrant part of the economy, accounting for 40% of manufacturing and generating jobson a scale second only to agriculture. The figures are similarly significant for handicrafts and handlooms. According to the Tenth Plan, GDP from handicrafts...

-PTI MUMBAI: The cost of production of paddy in Andhra Pradesh was higher than the minimum support price (MSP) of Rs 1,080 per quintal in the last year mainly because of higher expenditure on wages, says the latest study undertaken by the RBI's research wing. Andhra Pradesh is one of the leading producing states in the country. The study, conducted by the Development Research Group (DRG) of RBI, also said the Commission for...

-Economic and Political Weekly  The Government of India is considering a proposal to notify farming as an essential service. This is ostensibly to bring drought relief to farmers suffering from a weak monsoon - a laudable goal indeed. However, if farming is deemed an "essential service", farmers and farm workers could lose many of their political and civic rights because the government can then invoke the Essential Services Maintenance Act to...

-PTI Foreign direct investment in the retail sector is likely to create as many as 10 million jobs in a span of 10 years, making it the largest sector in organised employment, says a report. According to Indian Staffing Federation (ISF), an apex body of the flexi staffing industry in India, FDI in retail can create around 4 million direct jobs and almost 5 to 6 million indirect jobs including contractual employment...