-PTI THIRUVANANTHAPURAM: Trading activities came to a virtual halt across Kerala on Wednesday as shop owners downed shutters to protest against the policies of the Central and state governments, including the decision to allow FDI in multi-brand retail. Early reports from different centres said the response to the shut-down call given by traders' unions like Kerala Vyapari Vyavasayi Samiti (KVVES) has been total, especially in urban areas. Majority of hoteliers also joined the...
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A claim to shame -Sitaram Yechury
-The Hindustan Times In response to the widespread protests and the nation-wide hartal last Thursday, Prime Minister Manmohan Singh addressed the nation on Friday and tried to explain why these decisions had become inevitable. The thrust of his argument was, “We need a revival in investor confidence, domestically and globally.” For this, the current high fiscal deficit must be contained and, hence, the hike in the prices of diesel and cap on...
More »Walmart plans India stores 'in two years'
-BBC US retail giant Walmart hopes to open its first stores in India within two years, the company's president and CEO for Asia told the Wall Street Journal. Scott Price said they had not yet decided on "where or how many stores" they would have in India. Last week, the Indian government announced plans to open up the retail sector to global supermarket chains. The authorities say the reforms are needed to revive the...
More »FDI in Retail Not a Threat to Kirana Shops: Montek
-Outlook Allying fears that opening up of the retail sector for FDI will hurt small kirana shops, Plan Panel Deputy Chairman Montek Singh Ahluwalia today said modern retail is an expanding segment and it would more than double in a very short time. "I don't think FDI in retail is threat to small Retailers. Modern retail is the expanding segment. Those who say that the small sector would be hurt, I think...
More »FDI in retail: Foreign Retailers in India will be first to start stores, says KPMG-Writankar Mukherjee
-The Economic Times Foreign multi-brand Retailers present in India through cash-and-carry route are expected to roll out consumer facing formats in the short to medium term, a research paper by consultancy firm KPMG said. The paper said most of the foreign Retailers will undertake changes in their cash-and-carry arrangement with their Indian partners. However, single brand Retailers would significantly invest in India in the next 12-18 months due to 100% ownership which...
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