-The Telegraph   Tamil Nadu chief minister Jayalalithaa today joined the chorus against the entry of foreign capital in multi-brand retail, saying the Centre’s decision that smacked of “overweening arrogance” would affect the livelihood of millions of small-time traders. In Delhi, the under-fire UPA brought out a full-page ad in newspapers that said the move would “generate 10 million new jobs” contrary to the “mistaken belief” that it would result in widespread unemployment. The...

-The Hindu   The Central Government is trying to put in place a system which will not only ensure minimum support price to tribal produce but also get maximum remunerative price. Informing this to media persons here on Sunday, Union Minister for Tribal Welfare and Panchayati Raj V. Kishore Chandra Deo said that he was working on a policy paper on minor forest produce in this regard. “All the states are stakeholders. We...

-PTI   Food Minister K V Thomas today said the draft Food Security Bill is expected to go to CABinet by December 10 to pave the way for its introduction in the ongoing Winter Session of Parliament. "We have asked the government departments to send their comments on the draft Food Security Bill by December 1. After this, it is expected to go to the Union CABinet by December 10," Thomas, whose...

India has approved long-awaited proposals to open up the retail market to global supermarket chains. Food Minister KV Thomas said the CABinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores. Such operators currently can only sell wholesale in India and not directly to customers. A decision on the issue has been pending for two years. Mr Thomas told reporters that the CABinet decided...

It wasn't just a vocal opposition that was against the CABinet's decision to allow 51% foreign direct investment (FDI) in multi-brand retail business. The CABinet itself was split down the middle, which had an animated — even heated — debate on the pros and cons of opening up a sector that was so far considered politically too sensitive for farmers, small traders and consumers. Finally it took the prime minister to...