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Who is afraid of FDI in retail?

-The Times of India   Given the debate that's raging over opening the retail sector to foreign direct investment, we bring you the government's view, the opposition's objections and TOI's take on the issue. Government argument * Huge investments in the retail sector will see gainful employment opportunities in agro-processing, sorting, marketing, logistics management and front-end retail. * At least 10 million jobs will be created in the next three years in the retail sector. *...

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The retail counter-revolution by CP Chandrasekhar

With deep pockets and international sourcing capabilities, global retail chains will outcompete domestic players, displace jobs, and undermine livelihoods. In predictable fashion, the Manmohan Singh government chose to ignore voices of opposition and implement its agenda of permitting foreign investment in the retail trade. While Parliament was in session, the Cabinet met to approve the hitherto prohibited foreign direct investment in multi-brand retail, with a cap of 51 per cent on...

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Climate change dialogue at Durban keenly poised by Arvind Gupta

The 17th Conference of Parties (COP) under the UN Framework Convention on Climate Change (UNFCC) is being held in Durban, South Africa, from November 28 to December 9, 2011.   Urgent action is required to arrest the inexorable rise in global CO2 emissions. What are the issues before this important international meeting on Climate Change?   The last meeting of the COP was held in Cancun, Mexico, in December 2010. The 17th COP will...

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French nuclear chief bats for EPR Technology

Chairperson of the Atomic Energy Commission of France Bernard Bigot on Monday said the controversial European Pressurized Reactor (EPR) Technology was re-evaluated after the Fukushima disaster and it had got the green signal from the nuclear safety regulatory bodies of his country, the United Kingdom and Finland. The three regulatory bodies had expressed reservations about the design aspects of the EPR. This happened due to greater transparency, which was the top...

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Why India needs democracy by Markandey Katju

What is our national aim? To my mind, our national aim must be to make India a highly prosperous country for its citizens, and for that it is necessary to have a high degree of industrialization.  Even setting up and running a single primary school requires a lot of money, e.g. for buying land, erecting the school building and providing for the recurrent expenditure for salaries of teachers, staff, etc. We...

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