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...
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Centre to set up Rs. 1,000-crore fund to promote housing for poor by P Sunderarajan
It will provide credit risk guarantee to banks on the loans Prime Minister Manmohan Singh on Tuesday announced that the Centre was considering setting up a credit risk guarantee fund with a corpus of Rs. 1,000 crore, to start with, to encourage banks to lend to the poor for housing. Emphasising that developing housing for the poor was critical for sustainable urban development, he said: “To encourage banks to lend in significant...
More »Food Insecurity Bill by Pratap Bhanu Mehta
The government believes it is more important to be seen to be doing things than to be doing them well. The proposed food security legislation is another example of this tendency. The legislation exemplifies the self-defeating obduracy of bureaucratic modes of thinking. But the debate around it also exemplifies a failure of intellectual argument in India. Our debates often have this character. First, we spend a lot more time arguing...
More »States told to guarantee night-shelters for homeless
-The Hindu Not a single person should die this winter from the freezing cold: Supreme Court Expressing concern over the lot of homeless persons during the winter, the Supreme Court on Monday directed Delhi and other States to ensure that adequate shelters were provided for night stay. The Bench observed that not a single person must be allowed to die from having to sleep on the pavement in the freezing cold. A Bench...
More »The Aadhaar-NPR conundrum
-Live Mint The news that a parliamentary committee has rejected its proposed Bill must come as a jolt to the Unique Identification Authority of India (UIDAI). Reports say that the committee was concerned about duplication with the National Population Register (NPR), the technology, data protection, and the cost. This comes closely on the heels of the home ministry’s contention that UIDAI does not meet the “degree of assurance” required for NPR,...
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