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...
More »SEARCH RESULT
Total Matching Records found : 2697
PM mulls Rs.1,000 crore corpus for housing poor
-IANS The government is considering creating a corpus fund of Rs.1,000 crore ($18.7 million) in the current fiscal that would encourage banks to give housing loans in 'significant volumes' to the urban poor, Prime Minister Manmohan Singh said Tuesday. Addressing a conference on the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) here, Manmohan Singh said the corpus of Rs.1,000 would be set aside to create a credit risk guarantee fund that could...
More »The Challenge of Inequality by Anil Padmanabhan
What is common between Brazil, Russia, India and China? That’s easy. They are the so-called BRIC countries. But, what is common between these BRIC countries and other emerging economies such as Indonesia, Argentina and South Africa? The answer: inequality. This disconcerting connect between these emerging economies is the focus of a report released last week by the Organization for Economic Cooperation and Development (OECD), the think tank for the club of...
More »Lopsided growth by Venkitesh Ramakrishnan
U.P.'s GDP grew at 7.28 per cent in the past five years, but the State ranks low in virtually every area of socio-economic development. IF statistics on gross domestic product (GDP) are the only criteria to evaluate the performance of a government, the Mayawati-led Bahujan Samaj Party (BSP) government in Uttar Pradesh will have to be rated as one with highly impressive credentials. For, India's most populous State has recorded a...
More »Ministries lock horns over rural job plan by Prasad Nichenametla
Two ministries concerned with rural development are at loggerheads over running of the government's flagship scheme- the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The agriculture ministry is protesting the way the Rs 40, 000 crore programme is being executed, saying it has increased the burden on agriculture, which is showing just about two percent growth now. "State-level studies by the Agro Economic Research Centres on wage rate, food security...
More »
