-The Economic Times   With the entry of foreign supermarket players, farmers across India's six lakh villages stand to gain from greater market access, higher profits, better technology and direct linkage with consumers.  "Direct purchase from farms has hugely benefited small farmers like us who were not getting good returns by selling in the local mandi," said Abdul Majid, from Malerkotla in Punjab, who has been selling vegetables from his one-acre farm to...

-The Times of India   After debating the issue for over a decade, the government on Thursday threw open the multi-brand retail segment to foreign chains such as Wal-Mart, Carrefour and others in a move to attract overseas investment and dispel doubts about the coalition's ability to push through big-bang reforms.  After nearly two hours of discussion on Thursday evening, the Union Cabinet decided to allow foreign retailers to hold 51% stake in...

Social activists up in arms against proposed reforms; impact on procurement feared   The Union Government's new move to give primacy in the revised draft of the National Food Security Bill, 2011, to controversial schemes like Cash transfers and issuance of food coupons to identified public distribution system beneficiaries in lieu of foodgrain entitlements has got social activists up in arms. The scheme was introduced under ‘Schedule II' in the initial draft of...

The state government has finally decided to compensate cotton growing farmers on the basis of their land holding rather than on the crop sold. Chief minister Prithviraj Chavan on Wednesday said it was not possible to compensate farmers on a per quintal basis — a demand by a few Opposition parties — because many farmers had already sold their cotton. However, Chavan said the state government had not yet decided on the...

Finance secretary R S Gujral on Tuesday said the income tax department has started prosecution proceedings against all those found guilty of stashing black money abroad, including the Indians found having accounts in HSBC, Geneva.  Gujral said it was an entirely wrong notion that people found accused in black money cases would be left without prosecution. "We have started prosecution process and we are bound by no agreement not to do...