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...

A recent newspaper report noted that the Union Government had gazetted the Coastal Regulation Zone (CRZ) Notification 2011 and received strong criticism from organisations that work for protecting coastal ecosystems and fight for the rights and welfare of fisherfolk. About 20 organisations working in the field of protecting fishermen's rights and lawyers backing them have taken strong exception to the notification. This is on the ground that the new notification,...

The poor man’s fuel, kerosene — paid for by state subsidy — is diverted to adulterating diesel mostly for truckers. And the industry is estimated to be worth half the sum the government spends on employment for the rural poor every year. Welcome to the Great Indian Kerosene Racket, which hit a new high this week when additional collector Yashwant Sonawane of Maharashtra’s Nashik district lost his life in a...

Despite its slackening industry, the common perception of West Bengal as a backward state has little substance when one looks at the facts. Most of us are conditioned to view economic development in terms of industrialisation. While industrialisation is essential for economic transformation, it is not as if economic growth is not possible without it. The sectoral structure of India's gross domestic product (GDP) and its slow transformation makes a good...

New CRZ notification sparks off fears, upsets fisherfolk The new Coastal Zone Regulation (CRZ) 2011 which has opened up construction along the sea has sparked off fears of Mumbai being ringed with high rises and mutating into a ‘desi' Manhattan. It has triggered furious debates on development and upset the fisherfolk who are planning to hit the streets across the country to agitate for better coastal protection. Since 1991 when the first...