-Tehelka Here are the gaping holes in the argument for FDI in retail. No smooth talk can pave over it TOUTED AS a cure-all for India’s economic ills, Foreign Direct Investment (FDI) in multi-brand retail is at best an anodyne, and at worst, toxic. It is an attempt to lift markets by fabricating sentiment; signalling an economic turnaround without any concrete steps being taken to trim the fiscal deficit or boost manufacturing. All...
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How Wal-Mart got a foot in the door of India's retail market
-Reuters MUMBAI: Wal-Mart Stores Inc prepared its entry into India's supermarket sector in 2010 with a $100 million investment into a consultancy with no employees, no profits and a scant $14,000 in revenue. The company, called Cedar Support Services, might have been a more obvious selection four months earlier: it began its corporate life as Bharti Retail Holdings Ltd, according to documents filed with India's Registrar of Companies. The Cedar investment is now...
More »Cash Transfer Debate: Experts speak
-Tehelka The cash transfer debate has turned political with BJP complaining to the Election Commission about the timing of the announcement. It claims the scheme was declared with Gujarat polls in mind. However the Congress-led Central government rubbished the allegation and said the announcement happened in March. Even the political slugfest continues, the debate among experts and activists hasn’t died down. Akshai Jain spoke to a few experts about the various...
More »Carbon dioxide emissions to touch 35.6 billion tonnes in 2012
-IANS London: Carbon dioxide (CO2) emissions are projected to rise by 2.6 per cent by the end of 2012, reaching a record high of 35.6 billion tonnes, or 58 per cent above 1990 levels, the baseline year for the Kyoto Protocol, says a study. The findings of Global Carbon Project (GCP), co-led by researchers from the Tyndall Centre for Climate Change Research at the University of East Anglia (UEA), say the biggest...
More »People’s Assembly puts forward a manifesto of demands
-Tehelka On its fifth and the last day, the Assembly demands recognition of ASHA and aanganwadi workers as govt employees The People’s Assembly being held at Jantar Mantar concluded on Friday 30 November with the release of a draft preliminary manifesto. The manifesto consists of resolutions adopted by the Assembly on issues like health, education, land acquisition and Lokpal Bill, among others. “We will intensify our demands with the People’s Manifesto and...
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