Global experience in retail trading by MNCs does not tally with the presumptions on which the UPA government's FDI policy is based. IN the course of the debate on the need to permit foreign direct investment in retail in India, two arguments have been advanced often. The first argument is that large organised retail is good for not just consumers, who would benefit from lower prices owing to cost efficiencies...

Indian traders reject FDI in multi-brand retail and emphasise the need for a policy to regulate the labour-intensive sector. TRADERS across the country responded angrily to the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail trade, disproving the arguments of the United Progressive Alliance (UPA) government and the assessment of corporate India, which had tried hard to make it appear that traders and...

-The Hindu   Kapil Sibal, Union Minister for Communications and Information Technology, has set off a firestorm of protest by demanding that ‘internet intermediaries' — specifically in this round, four social networking giants, Google, Yahoo, Facebook, and Microsoft, which enable hundreds of millions of individual users to publish and share on the worldwide web — remove inflammatory content as well as other text and images that might “offend Indian sensibilities.” As in...

Manmohan Singh today refused to yield to pressure on the question of allowing foreign direct investment in retail and appeared ready for a protracted battle, including the risk of a vote in Parliament despite his government’s fragile majority. Somewhat reminiscent of his nuclear deal stand, the Prime Minister confronted those who had accused the government of taking a hasty decision on retail. “We have not taken this decision in haste, but after...

-BBC   India's PM Manmohan Singh has defended the decision to open up the retail market to global supermarket chains, saying it will be good for both "farmers and the common man". Mr Singh was reacting to opposition demands to reverse the decision to allow 51% foreign ownership of multi-brand retail stores. Opposition politicians say the move will damage India's small retailers. Parliament has been in uproar and was forced to adjourn again on Wednesday. 'Better...