-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...

-Frontline The Congress-led UPA seems to be betting heavily on the cash transfer scheme as a means to return to power in the next general elections. DECEMBER 2012 may go down in history as the month when the Congress party created its own “India Shining” moment: the moment when it started believing its own hype, and even deluded itself into thinking that its perception was so widely shared that it could provide...

-Frontline The Land Acquisition, Resettlement and Rehabilitation Bill is an attempt to circumvent the hurdles before acquisition, such as rehabilitation of land losers, without much increasing the cost of land. THE preamble to the draft Land Acquisition, Resettlement and Rehabilitation (LARR) Bill is very noble; it talks about a “humane, informed, consultative and transparent process for land acquisition for industrialisation, development of essential infrastructural facilities and urbanisation with the least disturbance...

-The Telegraph The government today set up a commission of inquiry to identify lapses that may have led to the bus gang rape and “fix responsibility” even as the capital limped back to normal after a violent weekend. Police let vehicles ply on the 2.5km stretch between India Gate and Rajpath, locked down for the past two days since Sunday’s protests. The decision to set up the commission is the latest among several...

-The Times of India The government is all set to crack the whip on India's shameful pharma-doctor nexus. The National Development Council (NDC), led by Prime Minister Manmohan Singh, will meet on December 27 to discuss bringing a legislation requiring drug companies to mandatorily disclose payments made to doctors for research, consulting, lectures, travel and entertainment. Doctors involved in ghost writing to promote pharma products will also be disqualified. The official NDC document...