By all indications, FDI in multi-brand retail is a fait accompli. Or so we have been told time and again by everyone, the PM downward. The “question is at what point of time it should be done”. This remark from Pranab Mukherjee in a post-budget TV interview may have revealed that the debate has moved beyond whether to permit FDI in multi-brand retailing—the lifeline of small- and medium-sized neighbourhood stores....

Food inflation, hovering in the double digits, may play spoilsport to India’s ability to continue its rapid economic growth. It is truly troubling that food still consumes half of the expenditure of the average Indian household. No wonder a sharp spike in onion prices has the potential to upset the political calculus of social stability. India’s biggest challenge still remains ensuring food and nutritional security to its masses. Notwithstanding the nation’s...

India has become the first country in the world to incorporate Tsunami proofing for environmental clearances of major projects, after titanic Tsunami devastated key projects in Japan this month. Environment minister Jairam Ramesh on Thursday asked the Expert Appraisal Committees, mandated to given environment clearances to projects, to include tsunami related risks in the terms of reference for Environment Impact Assessment (EIA) reports for four sectors --- nuclear power, infrastructure,...

Releasing the election manifesto here on Wednesday, West Bengal Left Front Committee Chairman Biman Bose said the eighth Left Front government will focus on “agriculture, industry, peace, democracy and progress,” in the State if it returns to power. Listing the objectives of the Front in the coming five years, the manifesto states that it wants to ensure that West Bengal is one of the top-ranked States on the three parameters of...

It is time for the National Advisory Council (NAC) to introspect whether its pious thoughts on food security square up to an economic reality check. There are three likely scenarios: (1) universal coverage at 35 kg/per month per family; (2) universal coverage with 25 kg per family per month; and (3) partial coverage (say, to 11 crore families) with 35 kg per family per month. In each case, the implications...