By all indications, FDI in multi-brand retail is a fait accompli. Or so we have been told time and again by everyone, the PM downward. The “question is at what point of time it should be done”. This remark from Pranab Mukherjee in a post-budget TV interview may have revealed that the debate has moved beyond whether to permit FDI in multi-brand retailing—the lifeline of small- and medium-sized neighbourhood stores....

With 1.8 billion people threatened by absolute water scarcity by 2025, and two-thirds of the world’s population facing potential shortages, countries must better protect and manage forests to ensure the provision of clean water to vulnerable communities, a United Nations-backed forum warned today. “Forests are part of the natural infrastructure of any country and are essential to the water cycle,” said UN Food and Agriculture Organization (FAO) Forestry Department Assistant Director...

Rita Sharma, Secretary of India's National Advisory Council (NAC), has been appointed to a new commission on climate change to be chaired by Britain's chief scientific adviser Sir John Beddington. The new Commission on Sustainable Agriculture and Climate Change, has been set up by the Consultative Group on International Agricultural Research's Research Programme on Climate Change, Agriculture and Food Security program (CCAFS). Sharma is among 13 members of the commission which, in...

The Comptroller and Auditor General of India (CAG) will now audit the land acquisition policy of the Haryana government to examine the alleged irregularities in the acquisition of agricultural land and compensation paid to the farmers. Sources have stated that a CAG team from Delhi has been dispatched to Chandigarh to begin the audit process. The state government’s land acquisition policy has been witnessing farmers’ protests at various places regarding anomalies...

The government is looking at allowing foreign direct investment (FDI) in multi-brand retailing as part of a slew of measures to make India more attractive to overseas investors. Senior government officials told TOI that the thinking was that a gradual opening up would be a better strategy with global chains first allowed to open stores in metros, while wholesale cash-and-carry being limited to smaller towns and cities, at least for the...