The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...

The controversial targeted National Food Security Bill, which got the nod of the Union Cabinet on Sunday, is a pet project of United Progressive Alliance chairperson Sonia Gandhi. However, the recommendation made for near-universalisation by the National Advisory Council chaired by Ms. Gandhi, was set aside by the government. To be piloted by Minister of State (Independent) for Food and Public Distribution K.V. Thomas, the Bill will be introduced in the...

Recognising the impact of schemes such as the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), President Pratibha Patil on Thursday called for their further utilisation in the agriculture sector in the emerging scenario of “farm labour shortage and food security.” The President's comments are significant in the context of Union Agriculture Minister Sharad Pawar's recent letter to Prime Minister Manmohan Singh urging him to suspend the MGNREGS during crop harvesting...

-The Economic Times Sonia Gandhi's pet programme - the food guarantee scheme - will be cleared by the Cabinet on Monday. The decision has been taken after discussions with agriculture minister Sharad Pawar, who has been seeking detailed deliberation on the financial implications of the scheme as well as its impact on the Farm Sector. The bill will be referred to the standing committee on food after its introduction in Parliament....

-The Times of India The subsidy for the poor is dwindling, but this has not deterred the government from lining up corporate houses' pockets. Last year, the Centre gave away potential revenue of Rs 4.6 lakh crore on account of various tax exemptions and incentives to industrialists, compared to the Rs 1.54 lakh crore on subsidy to poor and farmers. There are direct tax incentives and exemptions to businesses in the corporate...